Gold forecast for today: XAUUSD analysis 31.03.2023

Gold is trading in the range between the upper Target Zone 1997 – 1989 and the key support of the short-term uptrend 1949 – 1943. The trend remains up. The gold price could break out the Target Zone. If so, the next upside target will be the Gold Zone 2038 – 2029.

It will be relevant to sell if the price breaks out support (В) 1949 – 1943 and consolidates below, as the short-term trend will turn down in this case. The downside target in this scenario will be the lower Target Zone 1889 – 1877.

XAUUSD trading ideas for today:

Hold up purchases entered at support (В) 1949 – 1943.
TakeProfit: 2008.
StopLoss:at breakeven.

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