Gold's dip on Monday did not lead to the breakdown of 1890, the low hit last March. However, given the nature of the metal, it is likely that the market will see such an event in the near future, after which a significant correction could begin.
Similarly, EUR/USD is also declining, and its quote is nearing the two-year low at 1.06400. Buy stops are just behind this level, so it is possible that the pair will hit 1.06400.
A breakdown in gold and EUR/USD will be followed by serious corrections, on which traders can make good profit.
The trading ideas presented are based on the Price Action and Stop Hunting strategies.
Good luck and have a nice day!
