Gold price forecast for today: XAUUSD analysis 17.02.2022

The short-term gold trend has again reversed up. Yesterday, the Intermediary Zone 1861 – 1859 was broken out. Today the upper Target Zone 1877 – 1874 was reached. If it is broken out and the price consolidates higher, the Gold Zone 1891 – 1889 will become the next purchase target.

Today, look for purchases according to the pattern at strong support levels. The Intermediary Zone 1862 – 1860 serves as the key support. Focus on the day’s high as a target for purchases.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1862 – 1860.

TakeProfit: 1877.

StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.