FX.co ★ Trading tips for gold

The trading idea presented earlier indicated a potential decrease in gold prices.

As expected, dollar rose after the release of strong inflation data from the US, and this affected gold prices, provoking its decline.

Congratulations to everyone who followed the strategy! Gold plummeted by 2,500 pips. Close short positions now to gain profit.

The trading plan followed 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.