Gold price forecast for today: XAUUSD analysis  16.06.2022

The gold traders have reached the trend key resistance of 1844 – 1841. The zone has been held, so the short-term downtrend continues. Today it is profitable to look for sales according to the pattern with the target at June 14 low.

If, during the trading session, the Intermediary Zone is broken out upside and the price consolidates higher, the short-term trend will reverse up. In this case, look for purchases from tomorrow with the target in the upper Target Zone 1884 – 1877.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1844 – 1841.
TakeProfit: 1805.
StopLoss: according to the pattern rules.

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