Gold forecast for today: XAUUSD analysis 26.04.2023

The gold short-term uptrend continues. The sellers were trying to break out the trend border at 1986 – 1980, but the zone was held up. If the price continues rising today, it should break through the high of April 20 and consolidate above. In this case, there will be a buy pattern, and it will be relevant to buy with a target at the high of April 13.

If support (В) 1986 – 1980 is broken out, the short-term trend will turn down. In this case, one could enter sell trades with a target at the lower Target Zone 1924 – 1911 starting from the next trading day.

XAUUSD trading ideas for today:

Buy according to the pattern at support (В) 1986 – 1980.
TakeProfit: 2047.
StopLoss: according to the pattern rules.

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