The gold short-term trend turned down yesterday. The price broke out the key support 2018 – 2012. Now, the downside target is in the lower Target Zone 1956 – 1943.
It is relevant to enter short trades on the correction at support (А) 2031 – 2026 or support (В) 2053 – 2047. The first downside target will be yesterday’s low.
It will be relevant to buy when the price reached the Target Zone 1956 – 1943.
XAUUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 2031 – 2026.
TakeProfit: 1985.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 2053 – 2047.
TakeProfit: 1985.
StopLoss: according to the pattern rules.