The gold short-term downtrend continues. The price is trading below resistance (А) 1978 – 1974. Today, I suggest holding down short trades entered in the resistance zone with the first target at the low of May 30 and the second one in the Gold Zone 1916 — 1912.
An alternative scenario suggests the price should break through the high of June 2 and go up to resistance (В) 2001 – 1995, the trend border. After the test of the second resistance zone, one could enter sell trades with a target at the low of May 30.
XAUUSD trading ideas for today:
Hold down sell trades entered at resistance (А) 1978 – 1974.
TakeProfit: 1932.
StopLoss: 1984.
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