The gold traders are trying to turn the short-term trend down. If the price consolidates below support (В) 1925 – 1919, it will be relevant to sell with a target in the lower Target Zone 1862 – 1850.
If the price rolls back to support (B), one could consider buy trades with the first target at the high of July 31. The primary upside target is the upper Target Zone 2029 – 2017.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 1925 – 1919. TakeProfit: 1971. StopLoss: 1905.
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