The short-term gold downtrend continues. Yesterday, the price corrected to the Additional Zone 1792 – 1791. Today the AZ was broken out, but now the price is returning below the resistance level. Today look for gold sales according to the pattern in the zone of 1802 – 1791. The target for sales will be yesterday’s low.
The breakout of the Intermediary Zone by consolidating the price above the level of 1802 at the US trading session is required to enter purchases. In this case, the short-term trend will reverse up, and the target for purchases will be the upper Target Zone 1823 – 1819.
XAUUSD trading ideas for today:
Open sell positions according to the pattern in 1802 – 1791.
TakeProfit: 1782.
StopLoss: according to the pattern rules.
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