FX.co ★ Trading idea for Gold

Good afternoon traders! A trading idea for gold.

Sellers have been placing their stop orders below 1745 over the past month. This morning, a false breakout from the quote 1721 occurred, so I suggest placing stop orders higher than 1745 in the chart.

Plan:

Risks can be limited to a false breakout this morning, or try again during the American session.

The profitability of the transaction is 1/4.

Good luck in trading and make sure to control the risks!