Gold price forecast for today: XAUUSD analysis 01.04.2022

The short-term gold trend reversed up yesterday. The Intermediary Zone 1929 – 1926 was broken out. Now the price is correcting and trying to reach the Additional Zone 1931 – 1930. If the AZ is held, then the growth will continue. The first growth target will be yesterday’s high. The second target will be the upper Target Zone 1969 – 1962.

If the Additional Zone is broken out downside, then the correction will continue in the Intermediary Zone 1913 – 1910. The IZ serves as the border of the trend. After reaching it, I recommend looking for purchases according to the pattern with the first target at yesterday’s high.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1931 – 1930.
    TakeProfit: 1949.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1913 – 1910.
    TakeProfit: 1949.
    StopLoss: according to the pattern rules.

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