Gold price forecast for today: XAUUSD analysis  22.06.2022

The short-term gold uptrend continues. A correction is currently developing. The trend key support of 1821 – 1817 serves as a correction target. After the test of key support, consider new purchases according to the pattern with a target at June 16 high.

If the price consolidates above June 16 high, the growth will continue with the target in the upper Target Zone 1884 – 1877.

To enter sales and reverse the trend, traders need to break out the Intermediary Zone downside and consolidate the price lower.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1821 – 1817.
TakeProfit: 1857.
StopLoss: according to the pattern rules.

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