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30.04.202600:41 Forex Analysis & Reviews: Trading Idea for Gold: Short Position

Relevance up to 15:00 UTC--4

So, after a powerful short initiative during the American session, the instrument shifted to a long correction and is now testing the short breakdown zone, which could lead to a continuation of the short trend.

I suggest considering short positions on a pullback to the short breakdown. Limit risks to 4552. Take profit on a breakout at 4509.

This trading idea is presented within the framework of the "Price Action" method and "Hunting for Stops."

Wishing you success in trading, and remember to manage your risks

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2026
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