Gold continues trading in the range between the upper Target Zone 1997 – 1989 and support (B) 1949 – 1943. If the price breaks out the upper Target Zone, the uptrend will continue up to the Gold Zone 2033 – 2029.
If support (B) is broken out, the short-term trend will turn down. In this case, the downside target will be the lower Target Zone 1889 – 1877.
Today, it is relevant to hold up purchases entered at support (B) with a target at the high of March 24. If the trend reverses, be prepared to enter shorts.
XAUUSD trading ideas for today:
Hold up purchases entered at support (В) 1949 – 1943.