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26.01.2024 03:43 AM
Tips for trading gold

A breakdown occurred in gold, following the strong upward momentum during the US session.

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Looking at this situation, market players could consider long positions from the pullback from 2019 and set stop loss at 2008. Take profit upon the breakdown of 2039 and 2063.

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The trading plan 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.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
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