Gold continues to strengthen. The short-term trend remains up. Target Zone 3 1873 – 1870 was reached yesterday. Today buyers are trying to break out this TZ. In case of successful price consolidation above the Target Zone 3, the next target will be the Gold Zone 3 1886 – 1885.
It is profitable to look for new gold purchases on the correction. Level 1871 serves as the nearest strong support. If this level is broken out, then expect a correction in the Intermediary Zone 1864 – 1863.
Sales of the precious metal are not relevant at the moment.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1872 – 1871.
- TakeProfit: 1879.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 1864 – 1863.
- TakeProfit: 1879.
- StopLoss: according to the pattern rules.
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