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FX.co ★ Tips for trading gold

Tips for trading gold

Market players continue to evoke breakdowns in gold, which could lead to an upward trend.

Tips for trading gold

Looking at this situation, traders should open long positions from a pullback to a breakdown, setting stop loss at 2022. Take profit upon the breakdown of 2038 and 2063.

The trading plan 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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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