Gold price forecast for today: XAUUSD analysis 06.04.2022

Gold is once again testing the zone of good buy prices 1931 – 1910. While buyers hold this zone, consider long trades with the first target at March 31 high. The second target for purchases will be the upper Target Zone 1969 – 1962.

To enter sales and reverse the trend, traders need to break out the key support of 1910 and consolidate the price lower. In this case, from the next trading day, look for short trades with the main target in the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Open buy positions according to the pattern in the zone of 1931 – 1910.

TakeProfit: 1949, Target Zone 1969 – 1962.

StopLoss: according to the pattern rules.

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