Gold price forecast for today: XAUUSD analysis 19.08.2022

The short-term gold downtrend continued yesterday. The main target for sales is the lower Target Zone 1742 – 1736. Consider sales on correction in strong resistance levels.

The new Intermediary Zone 1787 – 1784 serves as the key resistance level. Enter sales in this zone according to the pattern. Focus on today’s low as the first target for sales.

I do not recommend entering gold purchases against the trend.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1769 – 1768.
    TakeProfit: 1752.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1787 – 1784.
    TakeProfit: 1752.
    StopLoss: according to the pattern rules.

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