The gold short-term trend turned up. The price broke out the Intermediary Zone 1648 – 1645, and the upside target is now the upper Target Zone 1679 – 1674.
The price is now being corrected down and is testing the Additional Zone 1656 – 1654, which is a strong support level. One could enter new purchases in the AZ with the first target at today’s high.
If the Additional Zone is broken out downside, the price should reach the Intermediary Zone 1642 – 1639. When the Intermediary Zone is reached, I recommend looking for buy entries.
XAUUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1656 – 1654.
TakeProfit: 1670.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1642 – 1639.
TakeProfit: 1670.
StopLoss: according to the pattern rules.
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