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Gold price forecast for today: XAUUSD analysis 06.07.2022

The short-term gold downtrend continued yesterday. As a result, last week’s low was updated, and the Target Zone 1785 – 1778 was broken out. The Gold Zone 1749 – 1745 serves as the next target for sales.

Consider new sales on correction at strong resistance levels, Additional Zone 1782 – 1781 and Intermediary Zone 1802 – 1799.

To enter sales, wait for a correction in the resistances indicated above and look for the corresponding pattern.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1782 – 1781.
    TakeProfit: 1763.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1802 – 1799.
    TakeProfit: 1763.
    StopLoss: according to the pattern rules.





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