Gold reached the upper Target Zone 1679 – 1674 as part of a short-term uptrend. It was not possible to break out the zone the first time, so attempts to break out the TZ will continue.
Now the price is correcting. Probably the Additional Zone 1660 – 1659 will be tested. The AZ serves as a strong support level in which it is possible to consider new purchases. The first target will be yesterday’s high.
The trend border is shifting to levels 1646 – 1643.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1660 – 1659.
TakeProfit: 1675.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1646 – 1643.
TakeProfit: 1675.
StopLoss: according to the pattern rules.
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