FX.co ★ Tips for trading gold

Trading for the new week opened with a gap of more than 1000 pips. Currently, gold trades at the breakdown area seen last Friday, while interesting targets remain below.

Traders should consider short positions and set stop-loss at 2070. Take profit at 2057, 2050, and 2046.

The strategy follows the framework of the "Price Action" and "Stop Hunting" methods.

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