Gold corrected in the zone of favorable buy prices 1656 – 1639. In this zone, open a long trade with the target in the upper Target Zone 1679 – 1674. Place a stop loss below the level of 1639.
If a decline begins during trading, within which the Intermediary Zone is broken out and the price closes lower in the American trading session, the short-term trend will reverse down. In this case, consider sales with a target in the lower Target Zone 1613 – 1607.
XAUUSD trading ideas for today:
Enter purchases in the zone of 1656 – 1639.