FX.co ★ Tips for trading gold

Market signals for gold point to a decrease in prices.

As expected, the metal did dip during the US session, trading near the level of 1951.

In most cases, this situation ends with a breakout, which means that traders should temporarily abandon long positions in favor of short positions. Take profit upon the breakout of 1941.

The presented trading idea comes from the framework of the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.