Gold forecast for today: XAUUSD analysis    13.06.2022

The priority buy target worked out last Friday, and 3 June’s high was updated. The first target of a short-term trend was reached. A second target is the Gold Zone 1898 – 1894.

The quotes corrected at the opening of today’s trading. The Additional Zone 1861 – 1859 was reached during the correction. The Additional Zone is a strong support level, so I suggest opening longs from those levels with the first target at today’s high.

If the Additional Zone is broken to the downside, the correction will continue with a target in the Intermediary Zone 1843 – 1839, which serves as the trend limit. 

Trading plan for XAUUSD for today:

  1. Buy according to the pattern from Additional Zone 1861 – 1859.
    TakeProfit: 1878.5.
    StopLoss: according to pattern rules.
  2. Buy according to the pattern from Intermediary Zone 1843 – 1839.
    TakeProfit: 1878.5.
    StopLoss: according to pattern rules.

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