Gold continues to fall. Yesterday, the Target Zone 1742 – 1736 was reached. If today the Target Zone is broken out downside and the price closes lower in the American session, the next target for sales will be the Gold Zone 1710 – 1707.
Enter new gold sales on correction at strong resistance levels, such as the Additional Zone 1745 – 1744 and the Intermediary Zone 1763 – 1760. Focus on yesterday’s low as the first target for sales.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1745 – 1744.
TakeProfit: 1728.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1763 – 1760.
TakeProfit: 1728.
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.
