Gold price forecast for today: XAUUSD analysis 07.11.2022

Gold short-term trend has turned up. The price reached Target Zone 1679 – 1673. The market is now being corrected with a target to test the Intermediary Zone 1653 – 1650.

The Intermediary Zone is the border of the uptrend. When it is reached, I recommend entering purchases with a target at Friday’s high.

It will be relevant to sell if the trend turns down via the Intermediary Zone breakout and the price consolidation below at the US session.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1653 – 1650.
TakeProfit: 1681.
StopLoss: according to the pattern rules.

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