Gold price forecast for today: XAUUSD analysis 15.06.2022

Yesterday, within a short-term downtrend, gold reached the lower Target Zone 1807 – 1799. After this, a correction occurred. Now the price is approaching the Additional Zone 1824 – 1823. I assume that the AZ will be tested during the European trading session. After that, look for new sales according to the pattern with a target at yesterday’s low.

If, during the trading, the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 1844 – 1841. The IZ serves as the border of a short-term downtrend. After reaching it, also look for sales.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1824 – 1823.
    TakeProfit: 1805.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1844 – 1841.
    TakeProfit: 1805.
    StopLoss: according to the pattern rules.

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