FX.co ★ Trading tips for gold

Gold is currently forming its third downward wave, which follows the bearish scenario presented last May 15.

The first target is the high last May, at 1787.

The main target, meanwhile, is the 2021 low at $1675.

In this situation, the best action is to avoid long positions, while working for a price decrease to the specified targets.

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!