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FX.co ★ Gold. Buyer Trap

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Forex Analysis:::2026-04-16T05:28:19

Gold. Buyer Trap

Good day, dear traders! I present to you a trading idea for gold.

So, after a strong shorting initiative yesterday, the instrument has entered a long correction and is presently testing the short breakdown zone, which could lead to a continuation of the short trend.

I suggest considering short positions on a pullback at the short breakdown. Limit risks at 4870. Take profit upon breaking through 4785.

This trading idea is presented within the framework of the "Price Action" method and "Stop Hunting."

Wishing you success in trading, and remember to manage your risks!

Analyst InstaForex
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