FX.co ★ Trading idea for gold

Our plan to increase gold is now irrelevant because yesterday, during the US session, as well as today, during the Asian session, movement has turned down, changing the direction of the trend.

Long positions may still be opened, however, risks should be limited to yesterday's low.

To add to that, the Federal Reserve will announce its decision on interest rates tomorrow, which will surely influence market sentiment.

In any case, traders must carefully assess the market before placing any position. Trading is very precarious, but is profitable as long as the correct approach is used.

Good luck!