FX.co ★ Trading tips for gold

Gold has been declining for the past 4 weeks.

It is now below $ 1800, forming a double bottom at quotes 1758 and 1675 in the weekly chart.

Meanwhile, in the H4 chart, a profitable area for sellers can be seen - 1794, and its false breakout could provoke a rebound.

That could happen this Wednesday, during the Federal Reserve's press conference.

This trading idea is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day