Gold is being corrected down in the short-term uptrend. The correction target is the test of support (A) 1914 – 1911. After the support test, one could enter new purchases with a target at yesterday’s high. The second upside target is Gold Zone 1971 – 1968.
The trend border is in the zone of 1897 – 1892. As long as the price is trading above the zone, it will be relevant to enter long trades.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1914 – 1911.
TakeProfit: 1948.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1897 – 1892.
TakeProfit: 1948.
StopLoss: according to the pattern rules.
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