Gold is rising in a short-term uptrend. Growth starts in the key support zone of 1831 – 1830 with the target at January 20th high. When this high is updated, a breakout of the Target Zone 2 1850 – 1847 may occur. In this case, the Gold Zone 2 1865 – 1863 will become the next buy target.
If the sellers go ahead the buyers and break out the Intermediary Zone downside, then the short-term trend will reverse down. In this case, look for gold sales with the target in the lower Target Zone 1815 – 1812.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1831 – 1830.
TakeProfit: 1850.
StopLoss: according to the pattern rules.
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