Gold price forecast for today: XAUUSD analysis 14.12.2022

The gold short-term uptrend continued yesterday. The price broke through the high of December 5. The Target Zone 1816 – 1807 was tested, but it has not been broken out. The price could be corrected down to support (А) 1793 – 1789.

After the support (A) is tested, one could consider buying gold with a target at yesterday’s high.

If the Target Zone is broken out, the next upside target will be the Gold Zone 1839 – 1836.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1793 – 1789.
    TakeProfit: 1824.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1777 – 1772.
    TakeProfit: 1824.
    StopLoss: according to the pattern rules.






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