Today as part of a short-term uptrend, gold reached the Target Zone 2 1907 – 1904. This led to the closing of large purchases. As a result, the price corrected in the Intermediary Zone 1893 – 1891.
At the moment, sellers are trying to reverse the trend down by breaking out the Intermediary Zone. If the price consolidates below level 1886, consider gold sales with a target in the lower Target Zone 1878 – 1875.
To enter gold purchases, buyers need to hold the zone of 1886 – 1993.
XAUUSD trading ideas for today:
Watch the market.