The gold traders tried to break out the key support of the short-term uptrend, 1949 – 1943. The zone hasn’t been broken out. The gold price has been up and consolidated above the support. The short-term uptrend is likely to continue today; the upside target will be the high of March 20.
Today, it is relevant to hold up long trades up to the high of March 20. If the high is broken through by the price, the next upside target will be the Gold Zone 2033 – 2029.
It will be relevant to sell if the price breaks through yesterday’s low and consolidates below. In this case, the downside target will be the lower Target Zone 1889 – 1877.
XAUUSD trading ideas for today:
Hold up long trades entered at support (В) 1949 – 1943.
TakeProfit: 2008.
StopLoss: at breakeven.
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