Yesterday, gold reached the lower Target Zone 1755 – 1751 within a short-term downtrend. Thus, the downward impulse has worked out 100%. Large sales were closed and purchases were opened in the lower Target Zone. As a result, the price rose sharply due to the news and broke out the trend key resistance, level 1773.
As of this morning, the short-term gold trend is up. The target of growth is the upper Target Zone 1793 – 1789. I recommend considering long trades on correction to strong levels. Strong support levels are Additional Zone 1775 – 1774 and Intermediary Zone 1766 – 1764.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1775 – 1774.
- TakeProfit: 1784.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 1766 – 1764.
- TakeProfit: 1784.
- 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.
