The price of gold continues to fall within the correction. A possible target is the key support zone of 1838 – 1828. After the price enters this zone, look for long trades with the first target at June 8 high and with the second target at June 3 high.
To enter sales and reverse the trend, traders need to break out level 1828 downside. It is also necessary to close the price below this level in the American session. In this case, the trend will reverse down. Thus, from the next trading day, consider gold sales with the 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.