Gold price forecast for today: XAUUSD analysis 18.11.2021

The short-term gold trend is down. XAU has reached the zone of good sell prices 1870 – 1858, where the gold price is currently trading. 

A reversal pattern is required to enter sales. In this case, the target for sales will be November 16 low and the Target Zone 1839 – 1835.

To enter purchases, the breakout of level 1870 and price consolidation above are required. The target for purchases will be the upper Target Zone 1890 – 1887.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1870 – 1856.

TakeProfit: 1850, Target Zone 1839 – 1836.

StopLoss: according to the pattern rules.

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