FX.co ★ Trading tips for gold

After a strong bullish momentum in gold at the end of last week, prices pulled back and currently tests the breakdown area from January 11.

Market players can take advantage of this situation to open long positions, with stop loss set at 2012. Take profit upon the breakout of 2063 and 2087.

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.