Gold is rising in the Intermediary Zone 1641 – 1639 as part of a short-term uptrend. The main growth target is October 24 high. The second target is the Target Zone 1679 – 1674. If during the trading the TZ is broken out upside, the new target will be the Gold Zone 1705 – 1702.
An alternative scenario implies the breakout of the Intermediary Zone downside. In this case, the trend will reverse down. Therefore, from the next trading day, it will be possible to start searching for gold sales with a target in the lower Target Zone 1613 – 1607.
XAUUSD trading ideas for today:
Hold buy trades entered in the zone of 1656 – 1639.