The short-term gold uptrend continues. On Friday, traders unsuccessfully tested the Intermediary Zone 1821 – 1817.
Today consider purchases in the Intermediary Zone according to the pattern with the first target at June 16 high. The second target for purchases will be the upper Target Zone 1884 – 1877.
To enter sales and reverse the trend, sellers need to consolidate the price in the American trading session below level 1817. In this case, from the next trading day, look for sales with a target in the lower Target Zone 1785 – 1778.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1821 – 1817.
StopLoss: according to the pattern rules.