Gold is still trading down in the short term. The price tested resistance (B) 1865 – 1860 yesterday. One could enter new shorts today with a target at the low of February 28. After the low of February 28 is broken through, the next downside target will be Target Zone 1796 – 1789.
If resistance is broken out and the price consolidates above, the short-term trend will turn up. If so, one could buy gold starting form tomorrow with a target at the upper Target Zone 1926 – 1915.
XAUUSD trading ideas for today:
Sell according to the pattern at resistance (В) 1865 – 1860.
StopLoss: according to the 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.