Gold is developing a correction within the short-term uptrend, approaching the support (A) 2481 – 2476. If the asset remains above this zone, the growth will continue to the target of 2531. In case the price pierces the support (A) from above, the next correction target will be near the support (B) 2452 – 2445.
The support B is the trend’s boundary. Thus, consider long trades once gold tests this zone. The second target will be the August high near 2531.
XAUUSD trading ideas for today:
Buy at support (B) 2456 – 2449.
TakeProfit: 2488, 2531.
StopLoss: 2428.
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