The gold traders are trying to break out the key support of the short-term uptrend 1986 – 1980. If the zone is broken out, the gold trend will turn down. If so, it will be relevant to enter sell trades at the lower Target Zone 1924 – 1911.
If support (B) is held up and there is a buy pattern, one could enter a long trade with a target at the high of April 13. The pattern will appear if the price breaks through yesterday’s high and consolidates above.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 1986 – 1980.
StopLoss: according to the pattern rules.