Yesterday, the gold price updated the minimum of Monday, pushing off from the Additional Zone 1798 – 1797. The first target for shorts was fulfilled. The second target for shorts is the lower Target Zone of 1776 – 1773.
Now the price is going into a minor correction. If, as part of the correction, the new Additional Zone 1795 – 1794 is tested, open short positions with a target at the yesterday’s minimum.
If the Additional Zone is broken through today and the price consolidates higher, then it will be possible to open a long position with a target in the Intermediary Zone 1805 – 1803.
XAUUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1795 – 1794.
StopLoss: according to the pattern rules.