The gold price rose and came close to the Target Zone 1974 – 1967. The trend remains up. A correction is developing at the moment. The test of the Additional Zone 1948 – 1946 serves as a possible correction target. After the AZ test, look for new purchases with a target at yesterday’s high.
If the Additional Zone is broken out, then the correction will continue in the Intermediary Zone 1930-1926. The IZ serves as the border of the short-term uptrend. It is also possible to search for purchases in the abovementioned IZ with the targets indicated above.
XAUUSD trading ideas for today:
Buy according to the pattern in Additional Zone 1948 – 1946.
TakeProfit: 1967.
StopLoss: according to the pattern rules.
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