Market participants continue holding up resistance at 1790 – 1788. Gold remains likely to drop. The selling target will be level 1770. If 10 December’s low is updated, the fall may continue. In that case, the selling target will be the lower Target zone 1755 – 1751.
To go long, traders need to break the resistance level of 1792. In that case, the buying target will be the upper Target zone 1803 – 1799.
Trading plan for XAUUSD for today:
Sell aggressively according to the pattern from Intermediary Zone 1790 – 1788.
TakeProfit: 1770.
StopLoss: According to pattern rules.
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