Gold continues trading in the short-term downtrend. If the Gold Zone is broken out, the price will go below the low of February 17. The next downside target will be the Target Zone 1796 – 1789.
However, if the Gold Zone is held up, the upward correction will start, and the price will reach resistance (А) 1859 – 1855. In this resistance zone, one could enter new sell trades with a target at the low of February 7.
XAUUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1859 – 1855.
TakeProfit: 1819.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1879 – 1874.
TakeProfit: 1819.
StopLoss: according to the pattern rules.
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