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FX.co ★ Trading tips for gold

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Forex Analysis:::2022-04-07T12:06:40

Trading tips for gold

Trading tips for gold

Gold reacted interestingly to the release of the Fed's minutes of the meeting. It showed multidirectional movements, but by the end of the day closed in a positive area. This scenario signals that it is better to take long positions, more specifically, according to this scheme:

Trading tips for gold

Set stop loss at 1918, and take profit on the breakdown of $1932, $1944, $1950 and $2075.

Trading tips for gold

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

Good luck and have a nice day!

Analyst InstaForex
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