The short-term gold downtrend continued yesterday. Traders tested the Intermediary Zone 1763 – 1760. The zone was held, so today looking for sales according to the pattern with a target at August 22 low is a matter of primary importance.
If, during today’s trading session, the Intermediary Zone is broken out upside, the short-term trend will reverse up. In this case, consider gold purchases with the target in the upper Target Zone 1799 – 1792.
XAUUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1763 – 1760.
TakeProfit: 1728.
StopLoss: according to the pattern rules.
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