Yesterday, an Additional Zone 1745 – 1744 was broken out as part of a correction in a short-term downtrend. Therefore, further development of the correction in the Intermediary Zone 1763 – 1760 is possible. After the IZ test, consider gold sales with a target at August 22 low.
If during trading the price returns under the Additional Zone again and consolidates below, this resistance will again be considered relevant, so it will be possible to look for short trades there.
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.
