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.
StopLoss: according to pattern rules.