There’s a bullish reversal in a short-term downtrend today. The Intermediary Zone 1782 – 1780 has been broken out. The upper Target Zone of 1803 – 1799 is a current buying target. The price is currently correcting and approaching the area of profit-making long trades at 1786 – 1780. The first buying target could be today’s high.
If level 1780 is broken to the downside, the correction might continue with a target at the trend’s key support of 1772 – 1771. We can plan long positions with earlier mentioned targets upon reaching the trend’s key support.
Trading plan for XAUUSD for today:
Buy from 1786 – 1780.
TakeProfit: 1790, Target Zone 1803 – 1799.
StopLoss: 1777.
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.
