The gold short-term uptrend continues. The price is approaching the high of January 20 and could break it through. If the high is broken through, one should see if the buyers break out Target Zone 1940 – 1933 and consolidate above. If the TZ is broken out, the next upside target will be the Gold Zone 1971 – 1968. Otherwise, the price will be corrected.
If the correction develops, the price could reach a strong support zone. When any of the support zones is tested, one could enter new purchases with a target at the high of January 20.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1902 – 1899.
TakeProfit: 1936.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1885 – 1880.
TakeProfit: 1936.
StopLoss: according to the 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.
