Gold forecast for today: XAUUSD analysis 09.12.2021

Gold is trading up in the short term. The growth target is the upper Target Zone 1803 – 1799.

The precious metal is currently correcting and testing the support zone of 1786 – 1780. Look for a pattern to buy from that zone, with the first target around yesterday’s high.

If level 1780 is broken to the downside, the correction might continue with a target at the trend’s key support of 1774 – 1772. New long trades might be opened from the key support, too. 

Trading plan for XAUUSD for today:

Buy according to the pattern from 1786 – 1780.

TakeProfit: 1790, Target zone 1803 – 1799.

StopLoss: 1777.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.