After the Target Zone 1926 – 1919 breakout, gold went into correction. The test of the Additional Zone 1911 – 1909 serves as a probable correction target. After the AZ test, look for new sales according to the pattern with a target in the Gold Zone 1890 – 1886.
If, during trading, the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 1931 – 1927. The IZ serves as the trend key resistance, so look for sales in it first of all.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1911 – 1909.
TakeProfit: Gold Zone 1890 – 1886.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1931 – 1927.
TakeProfit: Gold Zone 1890 – 1886.
StopLoss: according to the pattern rules.
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