The trading recommendation for selling gold yielded profits. As a result, the November 23 low was updated yesterday. However, traders failed to break out the Gold Zone 1783 – 1781. After updating the low, the price went into correction and broke out the Additional Zone 1788 – 1787. Now the price is trying to reach the Intermediary Zone 1799 – 1797.
Today it is profitable to look for gold purchases in correction with a target in the Intermediary Zone. The Intermediary Zone serves as the border of the short-term downtrend, so after reaching the IZ, also look for sales. A pattern is required to enter sales. The target for sales will be yesterday’s low.
XAUUSD trading ideas for today:
- Aggressive: buy in the zone of 1788 – 1784.
- TakeProfit: Intermediary Zone 1799 – 1797.
- StopLoss: 1781.
- Sell according to the pattern in Intermediary Zone 1799 – 1797.
- TakeProfit: 1779.
- StopLoss: according to the pattern rule
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 lin
