Yesterday, gold reached the Gold Zone 1826 – 1825 within a short-term uptrend. Today, buyers are trying to break out the GZ. If successful, the next buy target will be the Target Zone 2 1843 – 1840. If the GZ is held, then a correction will begin.
If a correction starts, expect the price in the Additional Zone 1821 – 1820 or the Intermediary Zone 1814 – 1812. Look for a buy pattern in the abovementioned zones and open long positions with the target at today’s high.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1821 – 1820.
StopLoss: according to the pattern rules
- Buy according to the pattern in Intermediary Zone 1814 – 1812.
StopLoss: according to the pattern rules.