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06.05.2022 01:53 PM
Trading tips for gold

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Wednesday's news prompted gold to roll back, allowing bulls to continue working for an increase according to the ABC pattern.

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This means that the previous trading plan for gold is still relevant, and the main target is still $2,075 or higher.

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Based on this, the potential movement from the current prices is over 20,000 pips.Upcoming report on US employment will also add volatility to the market.

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This trading idea is based on the Price Action and Stop Hunting strategies.Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
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