Gold forecast for today: XAUUSD analysis 22.03.2023

Gold is testing the key support of a short-term uptrend at 1949 – 1943. We can consider new longs in that area, with a target at 20 March’s high. If the high of 20 March is updated, the next buying target will be the Gold Zone 2033 – 2029.

Market participants must break the level 1943 to the downside so that the short-term trend reverses. If that’s the case, we can consider short trades with a target in the lower Target Zone 1889 – 1877.

Trading plan for XAUUSD for today:

Buy according to the pattern from support (В) 1949 – 1943.
TakeProfit: 2008.
StopLoss: according to pattern rules.

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