The gold price is trading in the resistance zone 1769 – 1750, where one could enter short trades in the short-term downtrend. When there is a sell pattern, one should open a short position with a target at the low of November 23. The major downside target is the lower Target Zone 1701 – 1692.
The trend will turn up, and it will be relevant to buy if the price breaks out level 1769 upside. The buy target will be the upper Target Zone 1816 – 1807.
XAUUSD trading ideas for today:
Sell according to the pattern in the zone of 1769 – 1750.
TakeProfit: 1723.
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.
