The gold short-term uptrend continued yesterday. The price broke out the Gold Zone 1781 – 1778. The upside target is the Target Zone 2, 1817 – 1810.
It is relevant to enter new gold purchases on the correction at the strong levels, the Additional Zone 1778 – 1777 and the Intermediary Zone 1762 – 1759. Before you open a long position, expect the test of the above-indicated zones and look for a buy pattern. The first target will be at yesterday’s high.
XAUUSD trading ideas for today:
- Buy according to the pattern in the Additional Zone 1778 – 1777.
TakeProfit: 1794.
StopLoss: according to the pattern rules. - Buy according to the pattern in the Intermediary Zone 1762 – 1759.
TakeProfit: 1794.
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.
