FX.co ★ Trading tips for gold

The previous trading plan in gold talked about a price increase, but that did not happen. Nevertheless, targets have not gone away, so there are still chances to achieve the expected price movement and direction.

Seeing that there is a three-wave pattern (ABC), where wave A represents yesterday's bullish pressure, traders could enter the market by buying from current prices, with stop loss at 1648. Exit the market on the breakdown of 1672, 1683 and 1734.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

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