Gold continues to trade in a short-term uptrend. The growth target is the Target Zone 2, 1817 – 1810. At the moment, the price is correcting.
Today, look for purchases according to the pattern at strong support levels. The nearest strong support level is the Intermediary Zone 1762 – 1759. Wait for the test of the zone, then look for a reversal buy pattern and open a long trade according to this signal in order to update the August 4 high.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1762 – 1759.
TakeProfit: 1794.
StopLoss: according to the pattern rules.
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.
