Gold price forecast for today: XAUUSD analysis 08.11.2022

The gold price has broken through Friday’s high, and the price has been corrected since then. The market is now driving to the Additional Zone 1667 – 1666. The AZ is a strong support level, after the test of which, one could enter new purchases with a target at yesterday’s high.

If the AZ is broken out downside, the correction will continue down to the trend key support 1653 – 1650. After the key support test, I also recommend entering purchases with the target suggested above.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 91.03 – 90.85.
    TakeProfit: 92.88.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 89.16 – 88.78.
    TakeProfit: 92.88.
    StopLoss: according to the pattern rules.

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