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Good day, dear traders! I present a trading idea for gold.
So, after a strong, long initiative during the Asian session, the instrument transitioned into a short correction and is now testing the long breakout zone, from which the long trend could continue.
I suggest considering long positions on a pullback at the long breakout level.
Limit risks at 4998. Take profit upon breaking 5030.
The trading idea is presented within the framework of the "Price Action" and "Stop Hunting" methods.
Wishing you success in trading and managing your risks!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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