FX.co ★ Trading idea for gold

Many analytical reviews have instructed buying gold to get profit, but technical analysis says the current bullish scenario is a trap.

Apparently, the current pattern is what we call "head and shoulders", in which the "right shoulder" of the figure is the classic ABC structure that we trade regularly.

Objectively, this is a classic trap for sellers who have no place to hide their risks except at the level of 1821. Therefore, if you want to buy gold with relatively short stops, don't do it at least until the false breakdown of 1821. But if you are selling, as instructed in the previous trading recommendation , take profit at the breakout of 1821.

These follow the Price Action and Stop Hunting methods.

Of course, you still need to be careful since this financial market is very precarious. But, it will give plenty of profit provided that you use the right approach.

Good luck!