The short-term gold uptrend continues. March 31 high and the upper Target Zone 1969 – 1962 serve as the growth targets. Last week, the price corrected to the zone of good buy prices 1931 – 1910. It is profitable to buy gold in the beforementioned zone according to the pattern with the targets indicated above.
To sell gold and reverse the trend down, traders need to break out level 1910. In this case, the target for sales will be the lower Target Zone 1877 – 1870.
XAUUSD trading ideas for today:
Open buy positions according to the pattern in the zone of 1931 – 1910.
TakeProfit: 1949, Target Zone 1969 – 1962.
StopLoss: according to the pattern rules.