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.
TakeProfit: 1949.
StopLoss: according to the pattern rules.
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