The gold price continues to rise in the short-term uptrend. The market was testing the trend key support zone 1755 – 1752 yesterday. The zone was held up. The price went higher than yesterday’s high today.
The gold price should continue growing with a target at the high of August 2. If this high is broken through, the gold price could consolidate above the Gold Zone 1781 – 1778. If so, the next upside target in the trend will be the Target Zone 2, 1817 – 1810.
XAUUSD trading ideas for today:
Buy/hold up buy trades entered according to the pattern in the Intermediary Zone 1747 – 1744.
StopLoss: according to the pattern rules.