Yesterday, the gold short-term trend turned down via the breakout of Intermediary Zone 1646 – 1643. The downside target is now the lower Target Zone 1618 – 1612. I recommend entering new sell trades in Additional Zone 1646 – 1644 and Intermediary Zone 1662 – 1659.
It will be relevant to buy gold if the price breaks out the upper Intermediary Zone and consolidates above today or tomorrow.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1646 – 1644.
TakeProfit: 1631.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1662 – 1659.
TakeProfit: 1631.
StopLoss: according to the pattern rules.
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