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Gold price forecast for today: XAUUSD analysis  07.04.2022

The short-term gold uptrend continues. At the moment, the price is trading in the zone of good buy prices 1931 – 1910. It is profitable to look for a pattern in this zone and open 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 gold sales and reverse the trend down, traders need to close the price below level 1910 at the American session. In this case, look for short trades from the next trading day. The target for sales will be 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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