Yesterday, the Additional Zone 1959 – 1957 yielded profits. April 20 low was updated. The next target for sales is the Target Zone 1926 – 1919.
After the sellers updated April 20 low, the gold went into correction. As part of the correction, traders tested a new Additional Zone 1956 – 1954. Today, consider sales according to the pattern with a target at April 21 low in the beforementioned AZ.
If the Additional Zone is broken out upside during the trading, then buy the instrument with the target in the Intermediary Zone 1976 – 1972.
XAUUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1956 – 1954.
StopLoss: according to the pattern rules.