Last Friday, after the break out of the Gold Zone 2 1856 – 1855, the price went into correction. Now it is approaching the Additional Zone 1850 – 1848. After the AZ test, look for long trades. Focus on Friday’s high as a buy target. The second buy target is Target Zone 3 1873 – 1870.
After the breakout of the Additional Zone and the price consolidation below, the gold will go into correction with a target at the trend key support 1835 – 1832. It is also profitable to look for new purchases according to the pattern with the same targets at the trend key support.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1850 – 1848.
TakeProfit: 1865.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1835 – 1832.
TakeProfit: 1865.
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.
