Yesterday, gold reached the Gold Zone 2001 – 1998. Thus, all targets of the short-term uptrend have been met.
After reaching the Gold Zone, a correction occurred during which traders tested the Additional Zone 1980 – 1978. The AZ serves as a strong support level, in which it is profitable to consider new gold purchases with a target at yesterday’s high.
If the Additional Zone is broken out downside during the trading session, then the correction will continue with the target in the trend border 1962 – 1958.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1980 – 1978.
TakeProfit: 1998.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1962 – 1958.
TakeProfit: 1998.
StopLoss: according to the pattern rules.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1980 – 1978.
TakeProfit: 1998.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1962 – 1958.
TakeProfit: 1998.
StopLoss: according to the pattern rules.