The gold short-term uptrend continued yesterday. The price broke through the high of December 5. The Target Zone 1816 – 1807 was tested, but it has not been broken out. The price could be corrected down to support (А) 1793 – 1789.
After the support (A) is tested, one could consider buying gold with a target at yesterday’s high.
If the Target Zone is broken out, the next upside target will be the Gold Zone 1839 – 1836.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1793 – 1789.
TakeProfit: 1824.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1777 – 1772.
TakeProfit: 1824.
StopLoss: according to the pattern rules.