Gold price forecast for today: XAUUSD analysis 24.10.2022

The gold short-term trend turned up. The price broke out the Intermediary Zone 1648 – 1645, and the upside target is now the upper Target Zone 1679 – 1674.

The price is now being corrected down and is testing the Additional Zone 1656 – 1654, which is a strong support level. One could enter new purchases in the AZ with the first target at today’s high.

If the Additional Zone is broken out downside, the price should reach the Intermediary Zone 1642 – 1639. When the Intermediary Zone is reached, I recommend looking for buy entries.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1656 – 1654.
    TakeProfit: 1670.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1642 – 1639.
    TakeProfit: 1670.
    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.