Last Friday, gold ended trades with a short-term downtrend near the Gold Zone 1884 – 1881. Today, at the trades opening, a gap formed and the price immediately tested the border of the short-term downtrend 1915 – 1912. This zone is still being held. The price returned under resistance.
Today, looking for gold sales with a target in the Gold Zone 1884 – 1881 is a matter of primary importance. If the Gold Zone is broken out, the next downside target will be the Target Zone 2 1854 – 1848.
To buy the precious metal, traders need to reverse the trend up by breaking out level 1915 and consolidating the price above. In this case, the target for purchases will be the upper Target Zone 1948 – 1942.
Last Friday, gold ended trades with a short-term downtrend near the Gold Zone 1884 – 1881. Today, at the trades opening, a gap formed and the price immediately tested the border of the short-term downtrend 1915 – 1912. This zone is still being held. The price returned under resistance.
Today, looking for gold sales with a target in the Gold Zone 1884 – 1881 is a matter of primary importance. If the Gold Zone is broken out, the next downside target will be the Target Zone 2 1854 – 1848.
To buy the precious metal, traders need to reverse the trend up by breaking out level 1915 and consolidating the price above. In this case, the target for purchases will be the upper Target Zone 1948 – 1942.
XAUUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1915 – 1912.
TakeProfit: 1884.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
