The gold is not in a hurry to rise. After testing the key support of 1838 – 1828, the price rose but didn’t update June 3 high. However, the short-term gold uptrend continues, so when the price re-enters the zone of 1838 – 1828, look for new purchases.
To enter sales, traders need to break out level 1828 downside and consolidate the price beyond it. 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.