Gold price is testing the resistance zone of 1769 – 1750. The short-term trend remains down. Therefore, I suggest entering shorts according to the pattern in the resistance zone of 1769 – 1750 with a target at the low of November 23.
If level 1769 is broken out upside, the short-term trend will turn up. If so, it will be relevant to buy with a target in the upper Target Zone 1816 – 1807.
XAUUSD trading ideas for today:
Sell according to the pattern in the resistance zone of 1769 – 1750.
TakeProfit: 1723.
StopLoss: according to the pattern rules.
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