Gold price forecast for today: XAUUSD analysis  18.01.2023

Gold was corrected down in the short-term uptrend and reached support (A) 1894 – 1890. One could enter purchases in the support zone with a target at the high of January 16. If the price breaks out support (A), the correction will continue down to the trend border 1877 – 1872. Once the trend border is reached, I also recommend entering purchases.

If the gold price rises and breaks out Target Zone 3,1940 – 1933, the next target will be Gold Zone 3, 1971 – 1968.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1894 – 1890.
    TakeProfit: 1928.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1877 – 1872.
    TakeProfit: 1928.
    StopLoss: according to the pattern rules.

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