Good day, esteemed traders! I present to you a trading idea for gold.
Thus, after the powerful short initiative during the Asian session, the instrument has shifted to a long correction and is now testing the short breakdown zone, from which a continuation of the short trend may happen.
I suggest considering short positions on a pullback to the short breakdown level.
Set the risk limit at 4753. Take profit on a breakout at 4729.
The second and third target levels should be set at 4667 and 4640, respectively.
This trading idea is framed within the "Price Action" method and "Stop Hunting."
Wishing you success in trading, and remember to manage your risks!
