Gold traded in a correction yesterday and reached the support (A) 2735 – 2729 but failed to pierce it. Today, the price has approached the first bullish target near 2759. Consider closing some of the long trades, placing the rest at the breakeven level. If the asset breaks through the 2759 level today, the growth will continue to the target at the historical high of 2790. If not, the correction will proceed to the target at the support (B) 2707 – 2699.
XAUUSD trading ideas for today:
Hold up long trades opened at support (A) 2735 – 2729.
TakeProfit: 2789.
StopLoss: at the breakeven.
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