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17.04.2026 08:48 AM
Trading Idea for Gold: Bullish Position

Good day, dear traders! I present to you a trading idea for GOLD.

So, after a powerful bullish initiative during the Asian session, the instrument has entered a short correction and is currently testing the long breakout zone from which the upward trend may resume.

I suggest considering long positions on a pullback to the long breakout. Limit risks at 4767. Take profit at breakouts of 4787, 4805, and 4812.

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

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

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2026
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Andrey Shevchenko
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