The gold price broke through the high of December 13. The price also broke out the Target Zone 1816 – 1807. The next upside target in the short-term trend is the Gold Zone 1842 – 1839.
The price is now being corrected, approaching to support (A) 1801 – 1798. After this support is tested, there will be an opportunity to enter purchases with the first target at yesterday’s high.
If support (A) is broken out, the correction will continue down to support (B) 1786 – 1781. One could also enter buy trades at support (B), as it is the trend border.
XAUUSD trading ideas for today:
- Buy according to the pattern at support (А) 1801 – 1798.
TakeProfit: 1832.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1786 – 1781.
TakeProfit: 1832.
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.
