The short-term gold downtrend continued yesterday. As a result, last week’s low was updated, and the Target Zone 1785 – 1778 was broken out. The Gold Zone 1749 – 1745 serves as the next target for sales.
Consider new sales on correction at strong resistance levels, Additional Zone 1782 – 1781 and Intermediary Zone 1802 – 1799.
To enter sales, wait for a correction in the resistances indicated above and look for the corresponding pattern.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1782 – 1781.
TakeProfit: 1763.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1802 – 1799.
TakeProfit: 1763.
StopLoss: according to the pattern rules.
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