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Gold forecast for today: XAUUSD analysis 13.11.2023

The gold short-term trend turned down last Friday. The price broke out support (В) 1950 – 1945. The downside target is now the lower Target Zone 1892 – 1880. It is relevant to enter new sell trades on the correction to resistance (А) 1962 – 1958.

If the price tests resistance (A), enter a sell trade when a reversal pattern emerges. The first downside target, in this case, will be today’s low.

XAUUSD trading ideas for today:

  1. Sell according to the pattern at resistance (А) 1962 – 1958.
    TakeProfit: 1920.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern at resistance (В) 1983 – 1977.
    TakeProfit: 1920.
    StopLoss: according to the pattern rules.


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