Gold price forecast for today: XAUUSD analysis 08.04.2022

Gold is trying to continue the short-term uptrend with the first target around March 31 high. The main target for purchases is the upper Target Zone 1969 – 1962.

To open a long trade, it is necessary to consolidate the price above yesterday’s high. In this case, it will be possible to enter purchases, and put the stop-loss beyond today’s low.

To enter gold sales, traders need to break out the support level of 1910. In this case, the short-term trend will reverse down, and the target for sales will be the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Open buy positions above level 1937.

TakeProfit: Target Zone 1969 – 1962.

StopLoss: beyond today’s low.

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