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After a strong bullish momentum in gold at the end of last week, prices pulled back and currently tests the breakdown area from January 11.
Market players can take advantage of this situation to open long positions, with stop loss set at 2012. Take profit upon the breakout of 2063 and 2087.
The trading plan followed 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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
