Gold price forecast for today: XAUUSD analysis 22.04.2022

Yesterday, the Additional Zone 1959 – 1957 yielded profits. April 20 low was updated. The next target for sales is the Target Zone 1926 – 1919.

After the sellers updated April 20 low, the gold went into correction. As part of the correction, traders tested a new Additional Zone 1956 – 1954. Today, consider sales according to the pattern with a target at April 21 low in the beforementioned AZ.

If the Additional Zone is broken out upside during the trading, then buy the instrument with the target in the Intermediary Zone 1976 – 1972.

XAUUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1956 – 1954.

TakeProfit: 1937.

StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.