The short-term gold trend reversed up yesterday. The Intermediary Zone 1844 – 1841 was broken out. Now the target for purchases is the upper Target Zone 1884 – 1877.
At the moment, the price is correcting and approaching the Additional Zone 1839 – 1837. After testing the AZ, consider purchases according to the pattern with a target at yesterday’s high.
If the Additional Zone is broken out downside during trading, the correction will continue with the target in the Intermediary Zone 1820 – 1817. After the IZ test, which serves as the border of a short-term uptrend, also look for purchases.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1839 – 1837.
TakeProfit: 1857.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1820 – 1817.
TakeProfit: 1857.
StopLoss: according to the pattern rules.
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