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Gold forecast for today: XAUUSD analysis 29.06.2023

The gold price broke out the Gold Zone 1916 – 1912 yesterday. The next downside target is the Target Zone 1873 – 1864. It is relevant to enter new sell trades at resistance (А) 1948 – 1943 or resistance (В) 1971 – 1964. The first downside target will be today’s low.

If the price reaches the Target Zone, the price could be corrected up. One could also enter short trades there.

XAUUSD trading ideas for today:

  1. Sell according to the pattern at resistance (А) 1948 – 1943.
    TakeProfit: 1903.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern at resistance (В) 1971 – 1964.
    TakeProfit: 1903.
    StopLoss: according to the pattern rules.





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