Gold is being corrected down in the short-term uptrend and testing the key support 1743 – 1739. One could enter new purchases in the zone with a target at the high of November 15. Enter new buy trades only after there has appeared a buy pattern.
Otherwise, if level 1739 is broken out and the price consolidates below, the short-term trend will turn down. If so, it will be relevant to enter sell trades with a target at 1700 – 1692.
XAUUSD trading ideas for today:
Buy according to the pattern in support (B) 1743 – 1739.
StopLoss: according to the pattern rules.