FX.co ★ Tips for trading gold

Yesterday's trading idea highlights a dip in gold prices.

This came true after dollar continued to strengthen, thanks to the Fed keeping interest rates unchanged and Jerome Powell's statements during the press conference.

Huge congratulations to those who took followed the strategy. Gold moved by as much as 2,500 pips. Close the short positions to gain profit.

The trading idea came from the framework of the "Price Action" and "Hunt for Stops" strategies.

Good luck in trading and manage your risks. Have a great day ahead!