The gold short-term downtrend continues. The downside target is Target Zone 1796 – 1789. I recommend entering new short trades on the correction at strong resistance levels, such as resistance (A) 1847 – 1843 and resistance (В) 1867 – 1862.
To enter a sell trade, one should expect the test of resistance zones and detect a pattern to sell. The first downside target will be today’s low.
XAUUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1847 – 1843.
TakeProfit: 1807.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1867 – 1862.
TakeProfit: 1807.
StopLoss: according to the pattern rules.
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