At the Asian trading session, the short-term gold trend reversed up. The trend key resistance 1796 – 1795 was broken out. The next target for purchases is the upper Target Zone 1813 – 1810. Today, wait for the correction and consider gold purchases according to the pattern with the first target at the day’s high and the second in the Target Zone.
Favorable buy prices will be in the zone of strong supports: the Additional Zone 1797 – 1796 and the new Intermediary Zone 1789 – 1787.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1797 – 1796.
TakeProfit: 1805, Target Zone 1813 – 1810.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1789 – 1787.
TakeProfit: 1805, Target Zone 1813 – 1810.
StopLoss: according to the pattern rules.
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