FX.co ★ Tips for trading gold

The trading plan presented last week aimed to increase the price of gold.

It played out as expected, with the metal closing higher on Friday. Investors could take this opportunity to maintain long positions, expecting further growth in the gold market.

In fact, with the three-wave (ABC) pattern where wave "A" represents Friday's upward momentum, maket players could open buy positions, with take-profit set at the breakdown of 1985.

This plan came from the framework of the Price Action and Stop Hunting strategies,

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