The priority buy target worked out last Friday, and 3 June’s high was updated. The first target of a short-term trend was reached. A second target is the Gold Zone 1898 – 1894.
The quotes corrected at the opening of today’s trading. The Additional Zone 1861 – 1859 was reached during the correction. The Additional Zone is a strong support level, so I suggest opening longs from those levels with the first target at today’s high.
If the Additional Zone is broken to the downside, the correction will continue with a target in the Intermediary Zone 1843 – 1839, which serves as the trend limit.
Trading plan for XAUUSD for today:
- Buy according to the pattern from Additional Zone 1861 – 1859.
TakeProfit: 1878.5.
StopLoss: according to pattern rules. - Buy according to the pattern from Intermediary Zone 1843 – 1839.
TakeProfit: 1878.5.
StopLoss: according to pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
