Gold forecast for today: XAUUSD analysis 03.02.2023

Yesterday, gold was corrected down to the trend key support zone 1912 – 1907. The zone hasn’t been broken out, and one could enter purchases according to the pattern today, the target will be the high of February 2. 

If the trend key support is broken out and the price consolidated below, the gold short-term trend will turn down. In this case, it will be relevant to sell starting from the next trading day, the downside target will be lower Target Zone 1865 – 1855.

XAUUSD trading ideas for today:

Buy according to the pattern at support (В) 1912 – 1907.
TakeProfit: 1959.
StopLoss: according to the pattern rules.

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