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Gold forecast for today: XAUUSD analysis 13.03.2024

Yesterday, gold corrected downwards and reached support (A) 2151 – 2146. The zone was held, therefore, consider purchases according to the pattern with a target at March 8 high.

If, as a result of trading, support (A) is broken out downside, the correction will continue with the target at support (B) 2129 – 2122. This zone serves as the short-term uptrend’s border. It will be profitable to consider purchases there.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 2151 – 2146.
    TakeProfit: 2193.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 2129 – 2122.
    TakeProfit: 2193.
    StopLoss: according to the pattern rules.



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