Gold price forecast for today: XAUUSD analysis 01.07.2022

The short-term gold trend reversed down yesterday. The Intermediary Zone 1821 – 1817 was broken out. Now the target for sales is the lower Target Zone 1785 – 1778. Consider new sales on correction at strong resistance levels, the Additional Zone 1812 – 1810 and the Intermediary Zone 1832 – 1828. The IZ also serves as the trend border.

To enter short trades, wait for a test of the zones indicated above, look for a pattern, and set a take profit order with the first target around today’s low. The marginal resistance zones should be rearranged if the local low is updated during trading.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1812 – 1810.
  2. TakeProfit: 1793.
  3. StopLoss: according to the pattern rules.

  1. Sell according to the pattern in Intermediary Zone 1832 – 1828.
  2. TakeProfit: 1793.
  3. StopLoss: according to the pattern rules.

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