FX.co ★ Tips for trading gold

After plunging by over 13,000 pips, the US session closed in green territory, and at the moment, there appears to be a breakdown, which could develop into further growth. This may hit seller liquidity.

In this situation, the best thing to do should be considering long positions with stop-loss set at 2009. Take profit upon the breakdown of 2035 and 2040.

Tha trading idea follows 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.