The short-term gold uptrend continues. A correction is currently developing. The trend key support of 1821 – 1817 serves as a correction target. After the test of key support, consider new purchases according to the pattern with a target at June 16 high.
If the price consolidates above June 16 high, the growth will continue with the target in the upper Target Zone 1884 – 1877.
To enter sales and reverse the trend, traders need to break out the Intermediary Zone downside and consolidate the price lower.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1821 – 1817.
TakeProfit: 1857.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
