The gold price has tested support (A) 1914 – 1911. The short-term trend remains up, and it is relevant to buy gold according to the pattern, with a target at the high of January 26. If the high of January 26 is broken through, the next upside target will be the Gold Zone 1971 – 1968.
If support (A) is broken out, the correction will continue down to the trend border 1897 – 1892. I also recommend entering long trades at the trend border with a target at the high of January 26.
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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