FX.co ★ Tips for trading gold

A breakdown occurred in gold, following the strong upward momentum during the US session.

Looking at this situation, market players could consider long positions from the pullback from 2019 and set stop loss at 2008. Take profit upon the breakdown of 2039 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.