Gold price forecast for today: XAUUSD analysis 20.01.2022

The trading idea to buy gold in the zone of 1818 – 1811 yielded profits. As a result, the January 14th high was updated. The Gold Zone 1832 – 1831 was also broken out. Now the target of the trend is the Target Zone 2 1850 – 1847.

At the moment, gold is going into a correction and approaching the Additional Zone 1836 – 1835. After testing the AZ, look for a new buy pattern with the first target around day’s high.

If the AZ is broken out and the price consolidates below level 1835, then it will be possible to enter sales with the target in the Intermediary Zone 1827 – 1826. 

XAUUSD trading ideas for today:

Buy according to the pattern in Additional Zone 1836 – 1835.

TakeProfit: 1843, Target Zone 2 1850 – 1847.

StopLoss: according to the pattern rules.

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