Yesterday, a trading recommendation for selling gold in the zone of 1790 – 1788 yielded profits. As a result, the December 10 low was updated and the short-term uptrend’s key support 1774-1772 was broken out.
At the moment, it is profitable to look for new gold sales with a target in the lower Target Zone 1755 – 1751. Consider new sales at strong resistance levels: Additional Zone 1776 – 1775 and Intermediary Zone 1787 – 1785. The latter serves as a trend border. Consider yesterday’s low as the first target for potential sales.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1776 – 1775.
- TakeProfit: 1766.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in Intermediary Zone 1787 – 1785.
- TakeProfit: 1766.
- StopLoss: according to the pattern rules.
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