Gold price forecast for today: XAUUSD analysis 22.12.2021

Yesterday, the gold price updated the minimum of Monday, pushing off from the Additional Zone 1798 – 1797. The first target for shorts was fulfilled. The second target for shorts is the lower Target Zone of 1776 – 1773.

Now the price is going into a minor correction. If, as part of the correction, the new Additional Zone 1795 – 1794 is tested, open short positions with a target at the yesterday’s minimum.

If the Additional Zone is broken through today and the price consolidates higher, then it will be possible to open a long position with a target in the Intermediary Zone 1805 – 1803.

XAUUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1795 – 1794.

TakeProfit: 1786.

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.