Last week market participants tested the border of the short-term downtrend 3244 - 3233. This zone was held by sellers. After testing this resistance, the price declined, but today it is testing resistance (B) 3244 - 3233 again. Therefore, today we can consider selling from this zone with the target at 3182. If 3182 is broken down, the decline may continue to the low of May 15, 3120.If resistance (B) is broken upwards during trading, the short-term trend will change to an uptrend. In this case, it will be possible to consider buying gold with a target at the upper target zone of 3368 - 3345.


Trading decisions on XAUUSD for today:Sell/hold selling near resistance (B) 3244 - 3233.TakeProfit: 3182, 3120.StopLoss: 3267.