FX.co ★ Take profit on gold

Good evening, dear traders!

Congratulations to those who took advantage of yesterday's trading idea for selling gold.

Let me remind you that the idea was to develop the so-called the "climax of growth", which is determined by the huge ATR at the end of the trend. And it so happened that this ATR was passed yesterday during Asian session and completed to about 4000p. This is a lot even for gold, I'm not saying that it was in Asia, where the average volatility is about 30 - 500p

It is worth noting separately the goals for which recommendations were given to sell gold, it was an Asian platform at the level of 1658 and a test of the "mirror level" at the quote of 1650.

The first goal developed last night during the American session, while the second was today in Asia.

The pass on the first target was 2500p, while 3400p on the second.

Good luck in trading and see you in the next reviews!