The Gold Zone continues trading in the short-term uptrend. The price is trading above the key support 2018 – 2012. One could enter new purchases with a target at the high of May 4 in the Target Zone 2077 – 2069. To enter purchases, one should expect a buy pattern.
If the price goes down and breaks through the low of May 5, the short-term trend will turn down. In this case, one could enter sell trades 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.
TakeProfit: 2077.
StopLoss: according to the pattern rules.
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