Gold price forecast for today: XAUUSD analysis 09.12.2022

The gold price continues rising in the short-term uptrend. The price is growing from the key support 1767 – 1763. The upside target is the high of December 5. 

When the high of December 5 is broken through, the price could break out Target Zone 1816 – 1807. If TZ is broken out, the next upside target will be the Gold Zone 1839 – 1836. Otherwise, the price will be corrected down. 

It will be relevant to sell gold if the price breaks out level 1763 and consolidates below.

XAUUSD trading ideas for today:

Held up purchases entered at support (В) 1767 – 1763.

TakeProfit: 1810.

StopLoss: at breakeven.

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