Gold is trading in a correction to a short-term downtrend. Yesterday, an Additional Zone 1959 – 1957 was tested. Today, look for a pattern to enter sales in this zone. The first target for sales will be yesterday’s low. The second target will be the lower Target Zone 1926-1919.
If the Additional Zone is broken out upside during the trading, then buy gold with the target in the Intermediary Zone 1979 – 1975. The IZ serves as the trend border, so after reaching it, look for new sales with the same targets.
XAUUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1959 – 1957.
TakeProfit: 1940, Target Zone 1926 – 1919.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1979 – 1975.
TakeProfit: 1940, Target Zone 1926 – 1919.
StopLoss: according to the pattern rules.
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