Gold price forecast for today: XAUUSD analysis 21.11.2022

Gold is being corrected down in the short-term uptrend and testing the key support 1743 – 1739. One could enter new purchases in the zone with a target at the high of November 15. Enter new buy trades only after there has appeared a buy pattern.

Otherwise, if level 1739 is broken out and the price consolidates below, the short-term trend will turn down. If so, it will be relevant to enter sell trades with a target at 1700 – 1692.

XAUUSD trading ideas for today:

Buy according to the pattern in support (B) 1743 – 1739.

TakeProfit: 1785.

StopLoss: according to the pattern rules.

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