Gold is trading in a short-term uptrend. Last week, the Target Zone 1974 – 1967 was reached. Afterward, the price corrected. Today this correction continues. At the moment, the price is approaching the trend key support of 1930-1926.
After the key support is reached, look for a buy pattern. If it appears, buy the instrument to update March 24th high.
To enter sales and reverse the trend, sellers need to break out level 1926 and consolidate the price below.
XAUUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1930 – 1926.
TakeProfit: 1967.
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.
