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07.04.202214:06 Forex Analysis & Reviews: Trading tips for gold

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Exchange Rates 07.04.2022 analysis

Gold reacted interestingly to the release of the Fed's minutes of the meeting. It showed multidirectional movements, but by the end of the day closed in a positive area. This scenario signals that it is better to take long positions, more specifically, according to this scheme:

Exchange Rates 07.04.2022 analysis

Set stop loss at 1918, and take profit on the breakdown of $1932, $1944, $1950 and $2075.

Exchange Rates 07.04.2022 analysis

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
© 2007-2025

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