The gold short-term trend has turned up today. The price broke out the trend border 1769 – 1765. The upside target is the upper Target Zone 1816 – 1807.
I recommend entering purchases on the correction to the strong support levels; the nearest one is support (A) 1753 – 1751. If it is broken out downside, the correction will continue down to support (B) 1739 – 1735. One could also enter long trades at support (B). The upside target will be around today’s high.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1753 – 1751.
TakeProfit: 1781.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1739 – 1735.
TakeProfit: 1781.
StopLoss: according to the pattern rules.
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