Gold price forecast for today: XAUUSD analysis 10.02.2022

Gold continues to strengthen within a short-term uptrend. Yesterday, the Gold Zone 1826 – 1825 was broken out. The next growth target is the Target Zone 2 1843 – 1840. Consider new gold purchases on correction at strong support levels, the Additional Zone 1828 – 1827 and the Intermediary Zone 1820 – 1819.

To enter purchases, wait for a test of the supports indicated above and the reversal pattern formation.

There are currently no conditions for gold sales.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1828 – 1827.

    TakeProfit: 1835.

    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1820 – 1819.

    TakeProfit: 1835.

    StopLoss: according to the pattern rules.

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