Gold price forecast for today: XAUUSD analysis 09.06.2022

The gold is not in a hurry to rise. After testing the key support of 1838 – 1828, the price rose but didn’t update June 3 high. However, the short-term gold uptrend continues, so when the price re-enters the zone of 1838 – 1828, look for new purchases.

To enter sales, traders need to break out level 1828 downside and consolidate the price beyond it. In this case, the short-term trend will reverse down, so consider sales with a target in the lower Target Zone 1802 – 1794.

XAUUSD trading ideas for today:

Open buy positions according to the pattern in 1838 – 1828.
TakeProfit: 1873.
StopLoss: according to the pattern rules.

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