Gold has reached the upper Target Zone 1816 – 1807 in the short-term uptrend. If Target Zone is broken out upside, the next target in the uptrend will be the Gold Zone 1839 – 1836.
One could enter new gold purchases on the corrections to strong levels, support (A) 1781 – 1778 and support (B) 1767 – 1763. To open a buy position, one should discover a corresponding pattern, The upside target could be set at today’s high.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1781 – 1778.
TakeProfit: 1810.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1767 – 1763.
TakeProfit: 1810.
StopLoss: according to the pattern rules.
![](https://www.mytradingedu.com/wp-content/uploads/2022/12/XAUUSD_analysis_051222.png)
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.