Gold is testing the key support of a short-term uptrend at 1949 – 1943. We can consider new longs in that area, with a target at 20 March’s high. If the high of 20 March is updated, the next buying target will be the Gold Zone 2033 – 2029.
Market participants must break the level 1943 to the downside so that the short-term trend reverses. If that’s the case, we can consider short trades with a target in the lower Target Zone 1889 – 1877.
Trading plan for XAUUSD for today:
Buy according to the pattern from support (В) 1949 – 1943.
TakeProfit: 2008.
StopLoss: according to pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
