After reaching Target Zone 2, 2200 – 2191 last week, the price went into a correction. The correction may continue today. In this case, expect the price to reach support (A) 2151 – 2146. After testing this zone, consider new purchases with a target at March 8 high.
The short-term uptrend’s border has formed in the zone of 2129 – 2122. If the price reaches this zone, then it will also be possible to consider purchases there.
An alternative scenario implies the Target Zone 2 breakout and the price consolidation above. The next growth target will be Gold Zone 2, 2240 – 2235.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 2151 – 2146.
TakeProfit: 2193.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 2129 – 2122.
TakeProfit: 2193.
StopLoss: according to the pattern rules.
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