Gold price forecast for today: XAUUSD analysis 23.02.2022

The short-term gold uptrend continues. Yesterday, traders tested the trend key support of 1899 – 1897. The zone was held.

Today, continue searching for purchases according to the pattern with a target at yesterday’s high. To form a pattern, it is required to break out level 1905 and consolidate the price above.

Traders need to update yesterday’s low to reverse the trend and enter gold sales. In this case, the Intermediary Zone will be broken out, and the price will go to the lower Target Zone 1884 – 1881.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1899 – 1897.

TakeProfit: 1913.

StopLoss: according to the pattern rules.

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