Gold price forecast for today: XAUUSD analysis 02.09.2022

The Gold Zone 1710 – 1707 was broken out. Therefore, the new target for sales is the Target Zone 2, 1677 – 1671. At the moment, a correction is developing in order to test the Additional Zone 1706 – 1705.

After the AZ test, consider sales according to the pattern with the target at yesterday’s low.

If the Additional Zone is broken out during trading, the correction will continue up to the trend key resistance of 1724 – 1721.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1706 – 1705.
    TakeProfit: 1689.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1724 – 1721.
    TakeProfit: 1689.
    StopLoss: according to the pattern rules.

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