Gold forecast for today: XAUUSD analysis  01.06.2022

Gold’s price has reached today the key support of a short-term uptrend at 1833 – 1830. So, search for a pattern to buy the asset with a target at 24 May’s high. If 24 May’s high is updated, the price will probably steady above the Target Zone 1865 – 1858. The next buying target will then be the Gold Zone 1898 – 1894.

If the trend reverses, we will sell gold with a target in the lower Target Zone 1797 – 1790. For that, sellers need to consolidate below level 1830 during today’s US session.

Trading plan for XAUUSD for today:

Buy according to the pattern from Intermediary Zone 1833 – 1830.

TakeProfit: 1869.

StopLoss: according to pattern rules.

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