Gold price forecast for today: XAUUSD analysis 19.04.2022

Yesterday, gold reached the Gold Zone 2001 – 1998. Thus, all targets of the short-term uptrend have been met.

After reaching the Gold Zone, a correction occurred during which traders tested the Additional Zone 1980 – 1978. The AZ serves as a strong support level, in which it is profitable to consider new gold purchases with a target at yesterday’s high.

If the Additional Zone is broken out downside during the trading session, then the correction will continue with the target in the trend border 1962 – 1958.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1980 – 1978.
    TakeProfit: 1998.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1962 – 1958.
    TakeProfit: 1998.
    StopLoss: according to the pattern rules.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1980 – 1978.
    TakeProfit: 1998.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1962 – 1958.
    TakeProfit: 1998.
    StopLoss: according to the pattern rules.


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