The short-term gold uptrend continues. This week, traders are testing support (A) 2151 – 2146. The zone is held by buyers. Therefore, it is possible to consider purchases according to the pattern with the target at March 8 high in the beforementioned support. If March 8 high is updated, the Target Zone of 2200 – 2191 will be broken out. In this case, the next growth target will be the Gold Zone 2240 – 2235.
The trend key support is shifting to levels 2129 – 2122. It will also be possible to consider purchases in this zone if the price corrects towards it.
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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