Gold price forecast for today: XAUUSD analysis  23.08.2022

Gold continues to fall. Yesterday, the Target Zone 1742 – 1736 was reached. If today the Target Zone is broken out downside and the price closes lower in the American session, the next target for sales will be the Gold Zone 1710 – 1707.

Enter new gold sales on correction at strong resistance levels, such as the Additional Zone 1745 – 1744 and the Intermediary Zone 1763 – 1760. Focus on yesterday’s low as the first target for sales.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1745 – 1744.
    TakeProfit: 1728.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1763 – 1760.
    TakeProfit: 1728.
    StopLoss: according to the pattern rules.

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