Gold traders tested support (B) yesterday. The zone hasn’t been broken out. Today, it is relevant to buy gold with a target at the high of April 13. When this high is broken through, the next upside target will be Target Zone 2077 – 2069.
If support (B) is broken out and the price consolidates below, the short-term trend will turn down. If so, one could enter sell trades with a target at the lower Target Zone 1924 – 1911.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 1986 – 1980.
TakeProfit: 2047.
StopLoss: according to the pattern rules.
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