Yesterday, the short-term gold trend reversed down. The Intermediary Zone 1843 – 1839 was broken out. Now the target for sales is the lower Target Zone 1807 – 1799.
At the moment, the gold is correcting and testing the Additional Zone 1829 – 1827. Consider sales in the AZ according to the pattern with the first target at today’s low.
If the Additional Zone is broken out upside and the price consolidates above, the correction will continue with the target in the Intermediary Zone 1849 – 1845. After testing the IZ, look for new sales.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1829 – 1827.
TakeProfit: 1810.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1849 – 1845.
TakeProfit: 1810.
StopLoss: according to the pattern rules.
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