Gold price forecast for today: XAUUSD analysis 18.04.2022

The gold price continues to strengthen. Today April 13th high was updated. The next target for purchases is the Gold Zone 2001 – 1998. It is profitable to consider new gold purchases on correction in the Additional Zone 1970 – 1968 and Intermediary Zone 1952 – 1948. The latter serves as the border of a short-term uptrend.

According to the methodology, there are no grounds for gold sales at the moment.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1970 – 1968.
    TakeProfit: 1988.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1952 – 1948.
    TakeProfit: 1988.
    StopLoss: according to the pattern rules.

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