Tips for trading gold

A pullback occurred in gold after undergoing a strong bullish momentum.

Having this situation, traders could take long positions, with stop-loss set at 2021. Take profit on the breakout of 2047.

The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

The material has been provided by InstaForex Company - www.instaforex.com

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