Before starting the analysis, I would like to say that February has been a very profitable month and more than 2000 pips were made(Check idea links below to see the trades) on various set-ups. So, don't forget to follow me and like my ideas if they help you
Gold has pulled back strongly from its multi-year highs. If we look at the chart, the last 4H candle looks like there are definitely some buyers here.
So, traders can look for Buys between 1562-1585 with SL below 1555. TPs can be set at 1600, 1624 and 1660 respectively.
This is a low risk buy set-up.
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I was unable to execute this trade but first target reached 1600