Gold price forecast for today: XAUUSD analysis 15.08.2022

Last week, traders tested the Additional Zone 1791 – 1790, which serves as a strong support level. In this AZ it is possible to consider new purchases with the target at August 10 high.

At the end of last week, the price returned to the Additional Zone. Therefore today it is possible to search for long trades in the AZ.

If the Additional Zone is broken downside during trading, the correction will continue with the target in the Intermediary Zone 1775 – 1772. In this case, wait for the IZ test, and look for a buy signal.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1791 – 1790.
    TakeProfit: 1807.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1775 – 1772.
    TakeProfit: 1807.
    StopLoss: according to the pattern rules.

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