Last week, the gold price broke out resistance (A) 1845 – 1841 and the price is moving up towards resistance (B). After the zone is tested, one could enter new sell trades with a target at the low fo February 28.
If resistance (B) is broken out, the short-term trend will turn up. In this case, one could enter purchases with a target in the upper Target Zone 1926 – 1915.
XAUUSD trading ideas for today:
Sell according to the pattern at resistance (В) 1865 – 1860.
TakeProfit: 1805.
StopLoss:according to the pattern rules.
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