The gold short-term uptrend continued yesterday, and the price broke out the Target Zone 1865 – 1858. The next upside target is the Gold Zone 1898 – 1894. The price is now being corrected, approaching the Additional Zone 1856 – 1854.
I suggest entering new gold buy trades according to the pattern after the Additional Zone test. The first upside target will be today’s high.
The trend border is in the zone of 1838 – 1834. If the price reaches the zone, it will also be relevant to buy.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1856 – 1854.
- TakeProfit: 1873.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 1838 – 1834.
- TakeProfit: 1873.
- StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
