Gold price forecast for today: XAUUSD analysis 14.02.2022

Last Friday, after the break out of the Gold Zone 2 1856 – 1855, the price went into correction. Now it is approaching the Additional Zone 1850 – 1848. After the AZ test, look for long trades. Focus on Friday’s high as a buy target. The second buy target is Target Zone 3 1873 – 1870.

After the breakout of the Additional Zone and the price consolidation below, the gold will go into correction with a target at the trend key support 1835 – 1832. It is also profitable to look for new purchases according to the pattern with the same targets at the trend key support.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1850 – 1848.

    TakeProfit: 1865.

    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1835 – 1832.

    TakeProfit: 1865.

    StopLoss: according to the pattern rules.

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