FX.co ★ Tips for trading gold

Gold prices bounced back after showing a bullish momentum on Monday. Market players could take this opportunity to open long positions and continue the upward trend.

Buy gold and work for a pullback towards the breakdown area. Set stop-loss at 1.214550, and take profit upon the breakdown of 2158 and 2163.

The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.