Gold is still trading between the upper Target Zone 1997 – 1989 and the lower support 1949 – 1943. The support zone is the border of the short-term uptrend; as long as the price is trading above this zone, it is relevant to enter long trades with a target at the high of March 20. If the indicated high is broken through, the next upside target will be the Gold Zone 2033 – 2029.
It will be relevant to sell when the price breaks out level 1943 and consolidates below. If so, the short-term trend will turn down, and the downside target will be the lower Target Zone 1889 – 1877.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 1949 – 1943.
TakeProfit: 2008.
StopLoss: according to the pattern rules.
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