FX.co ★ Trading tips for gold

Gold has been declining over the past days. However, the bearish trend seems to have ended today during the Asian session, which may lead to a correction.

After that, it is likely that the downward movement will resume, but this time in a much larger scale.

The main target will be the update of the yearly low at 1614.

Medium-term traders can only work for a fall after a rebound, while intraday traders can participate in both movements.

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.