Last week gold traders reached the key support of the short-term uptrend 2862 - 2853. This zone was held by buyers. Therefore, today we can consider long positions with the first target at 2904. If the price consolidates above, the second upside target will be the historical high of 2956.


 If the support (B) 2862 - 2853 is broken downwards during the trades, the short-term trend will change to a downtrend. In this case, it will be favorable to consider sales with the target at the lower target zone 2768 - 2750.


Trading decisions on GOLD for today:


Buy near support (B) 2862 - 2853. Take Profit: 2904, 2956. Stop Loss: 2835.