Gold price forecast for today: XAUUSD analysis 21.12.2021

The short-term trend on gold changed to a downtrend yesterday. The Intermediary Zone 1795 – 1793 was broken through. Now the target for short trades is the lower Target Zone 1776 – 1773.

Sell gold at a correction from strong levels. The strong levels are Additional Zone 1798 – 1797 and Intermediary Zone 1808 – 1807. Shorting requires a test of these levels and then a formed pattern. Take the yesterday’s minimum as the first target for shorts.

Consider buying the precious metal only if the buyers manage to break through the resistance level 1809.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1798 – 1797.
  2. TakeProfit: 1788.
  3. StopLoss: according to the pattern rules.

  1. Sell according to the pattern in Intermediary Zone 1808 – 1807.
  2. TakeProfit: 1788.
  3. StopLoss: according to the pattern rules.

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