Gold is trading in a correction. Yesterday, the trend key support 1838 – 1834 was tested during the trading session. The zone was held, so today, it is relevant to search for purchases in this zone. The target for purchases will be June 3 high. After updating the high, the price will move to the Gold Zone 1898 – 1894.
To enter gold sales and reverse the trend, traders need to break out level 1828 and consolidate the price lower. In this case, the short-term trend will reverse down, so consider sales with a target in the lower Target Zone 1802 – 1794.
XAUUSD trading ideas for today:
Open buy positions according to the pattern in 1838 – 1828.
StopLoss: according to the pattern rules.