26.04.202111:53 Forex Analysis & Reviews: Trading idea for gold

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Gold failed to move higher than $ 1800 last Friday and closed with a decline instead. As a result, a head-and-shoulders pattern was formed, where buyers are trapped at very specific levels:

To avoid losing profit, traders should take this strategy in consideration:

The target is to push the price below $ 1675. To do this, enter short positions and work for the development of an ABC pattern.

Follow the Price Action and Stop Hunting methods.

Good luck!

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