Gold is trading in the short-term uptrend. The price is above the key support 2018 – 2012. One could enter long trades in the support zone with a target at the high of May 4. Enter purchases when there is a buy pattern.
If the low of May 5 is broken through, the short-term trend will turn down. In this case, one could enter a sell trade with a target at the lower Target Zone 1956 – 1943.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 2018 – 2012.
StopLoss: according to the pattern rules.