The gold price broke out the Target Zone 1865 – 1855 and reached Gold Zone 1830 – 1827. The short-term downtrend continues. If the Gold Zone is broken out, the price will go down to Target Zone 2, 1796 – 1789.
If the GZ is held up by buyers, the price will be corrected up to resistance (А) 1871 – 1867. After this resistance zone is reached, one could enter new sell trades with a target at yesterday’s low. The trend border is in the zone of 1891 – 1886.
XAUUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1871 – 1867.
TakeProfit: 1830.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1891 – 1886.
TakeProfit: 1830.
StopLoss: according to the pattern rules.
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