FX.co ★ Trading tips for gold

The aggravation of geopolitical tensions is pushing gold prices up.

It led to gold leaving a double top between the current and last week, which is an excellent target for sell stops.

As such, the goal for this week is to break through the important level of 1950.

That can be done by taking long positions up to the 50% and 61.8% retracement level of the current price. Set stop loss at 1925 and take profit on the breakdown of 1950 and 2075.

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

Good luck and have a nice day!