Good day, esteemed traders! I present to you a trading idea for gold.
After the strong short initiative in the American session, the instrument moved into a long correction and is now testing the short breakdown zone, from which the bearish trend may continue.
I suggest considering short positions on the pullback to the short breakdown.
Stop-loss is to be set at 4827. Take profit should be fixed at the breakout of 4791 and 4766.
This trading idea is based on the "Price Action" method and "Stop Hunting" strategy.
Wishing you success in trading, and remember to manage your risks!
