After a strong absorption last Friday, which was brought about by the weak US unemployment data, gold quotes rolled back, and today falsely broke through the low of the inside bar. This opens two targets.
For purchases, take a closer look at yesterday's false breakout.
Use the area of the false breakout as reference when entering the market, then exit on the first target, which is 1683.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
