The short-term gold uptrend continues. On Friday, the resistance level 2041 was broken out. Thus, a buy pattern was formed, within which you can consider long trades with a target in the upper Target Zone 2101 – 2089.
If, during trading, the trend’s key support of 2026 – 2019 is broken out downside and the price consolidates lower, the trend will reverse down. In this case, it will be possible to consider sales with a target in the lower Target Zone 1963 – 1951.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 2026 – 2019.
TakeProfit: 2088.
StopLoss: according to the pattern rules.
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