The gold price continues rising in the short-term uptrend. The price is growing from the key support 1767 – 1763. The upside target is the high of December 5.
When the high of December 5 is broken through, the price could break out Target Zone 1816 – 1807. If TZ is broken out, the next upside target will be the Gold Zone 1839 – 1836. Otherwise, the price will be corrected down.
It will be relevant to sell gold if the price breaks out level 1763 and consolidates below.
XAUUSD trading ideas for today:
Held up purchases entered at support (В) 1767 – 1763.
StopLoss: at breakeven.
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