The short-term gold uptrend continues. Yesterday, a false breakout pattern for purchases was formed. Today consider purchases on a correction at yesterday’s impulse. The target for purchases will be January 17 high, as well as the Target Zone 1974 – 1967.
To sell the precious metal, traders need to break out level 1910 and consolidate the price lower. In this case, the short-term trend will reverse down. The target for sales will be the lower Target Zone 1877 – 1870.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1913 – 1910.
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.