Good day, traders! Gold quotes declined last week, and on Friday saw a breakdown of the bullish structure. A lot of buyer liquidity is also left, which is a good area where traders can enter the market. It is likely that gold will hit these prices in the near future.
This means that traders should consider long positions according to the plan shown above, or refrain from taking long positions for the time being.
When opening short positions, limit risks to 1995 and then lock in profits at the breakdown of 1969.
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.
