Gold price forecast for today: XAUUSD analysis 23.06.2022

The short-term gold uptrend continues. Yesterday, traders failed to reach the Intermediary Zone 1821 – 1817. As a result, the price rose.

Today, sellers will make another attempt to test the Intermediary Zone. If successful, look for purchases according to the pattern with the target at June 16 high.

If the Intermediary Zone is broken out during trading, the trend will reverse down. In this case, consider sales with the target in the lower Target Zone 1785 – 1778.

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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