FX.co ★ Tips for trading gold

Following the release of interest rate forecasts, gold rose in price, entering a bullish trend. It continues to form a three-wave pattern (ABC), which should be completed as soon as the price breaks the peak.

Refrain from taking short positions until the false breakout of 2047.

The 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.