FX.co ★ Trading tips for gold

Following the strong bullish momentum at the beginning of the month, gold closed with a pin bar yesterday, indicating the likely continuation of the upward trend. The target price should be the sellers' area last June.

In this situation, market players should pay close attention to long positions and, at the very least, temporarily limit short positions until the breakdown of 1985.

The trading idea came from the "Price Action" and "Stop Hunting" methods.

Good luck in trading and don't forget to control the risks! Have a nice day.