The gold chart broke out the Target Zone 1997 – 1989 and closely approached the Gold Zone 2033 – 2029. The GZ is the primary upside target. Therefore, I suggest holding the long trades up to the target.
If the price breaks out the Gold Zone, the next upside target will be the Target Zone 2077 – 2069.
One could enter new purchases after the price tests support (A) 1985 – 1981 or support (В) 1965 – 1959. The upside target for these trades could be today’s high.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1985 – 1981.
TakeProfit: 2025.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1965 – 1959.
TakeProfit: 2025.
StopLoss: according to the pattern rules.
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