FX.co ★ Trading tips for gold

The previous trading plan in gold talked about lowering prices to $1660 per troy ounce. This was achieved yesterday, after strong inflation data in the US prompted a further rise in dollar. The scenario led to the collapse of gold to $1660 and the closure of many short positions.

Plan:

Development:

Congratulations to those who followed the strategy! The pair moved by as much as 1,500 pips.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.