Gold forecast for today: XAUUSD analysis 25.05.2022

Gold’s short-term uptrend continued yesterday, and the local high was updated. The price attempted to consolidate above the Target Zone of 1865 – 1858 but failed. So, a correction is developing today. Its target could be to test the Additional Zone 1851 – 1849. Once that zone is tested, I suggest considering new longs according to the pattern with a target at yesterday’s high.

The trend’s boundary is moving to 1833 – 1830. If it is tested, we will look for a pattern to buy again.

Trading plan for XAUUSD for today:

  1. Buy according to the pattern from Additional Zone 1851 – 1849.
    TakeProfit: 1869.
    StopLoss: according to pattern rules.
  2. Buy according to the pattern from Intermediary Zone 1833 – 1830.
    TakeProfit: 1869.
    StopLoss: according to pattern rules.

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