The short-term gold trend remains up. Yesterday, the price corrected and tried to reach the trend key support of 1913 – 1910. As a result, a buy pattern was formed. It is possible to use this pattern and open a long trade with the first target at March 17 high and the second target in the Target Zone 2 1974 – 1967.
To enter sales and reverse the trend, traders need to break out level 1910 downside and consolidate the price below. In this case, the trend will reverse down. The lower Target Zone 1877 – 1870 will serve as the target for sales.
XAUUSD trading ideas for today:
Buy from the level of 1928.
TakeProfit: 1949, Target Zone 1974 – 1967.