Gold is trading up in the short term. The growth target is the upper Target Zone 1803 – 1799.
The precious metal is currently correcting and testing the support zone of 1786 – 1780. Look for a pattern to buy from that zone, with the first target around yesterday’s high.
If level 1780 is broken to the downside, the correction might continue with a target at the trend’s key support of 1774 – 1772. New long trades might be opened from the key support, too.
Trading plan for XAUUSD for today:
Buy according to the pattern from 1786 – 1780.
TakeProfit: 1790, Target zone 1803 – 1799.