Gold forecast for today: XAUUSD analysis 09.02.2023

Gold is trading in the short-term downtrend. The price is being corrected up and could test resistance (A) 1897 – 1894. When the resistance zone is reached, I suggest entering new sell trades with a target at the low of February 6.

If resistance (A) is broken out upside, the price will reach the trend border 1916 – 1911, one can also enter sell trades.

XAUUSD trading ideas for today:

  1. Sell according to the pattern at resistance (А) 1897 – 1894.
    TakeProfit: 1860.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern at resistance (В) 1916 – 1911.
    TakeProfit: 1860.
    StopLoss: according to the pattern rules.






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