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Trading idea for gold

Trading idea for gold

As expected, gold declined and hit the target price level presented in the trading idea last July 20 .

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Trading idea for gold

The plan is to push the quote down to 1790, which is where many buyers placed their stop orders.

Trading idea for gold

But if you did not follow the strategy presented earlier, then it is not ideal to open long positions, at least until a false breakout around 1790.

This is in accordance with the framework of Price Action and Stop Hunting methods.

Best of luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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