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Gold price forecast for today: XAUUSD analysis 26.04.2022

After the Target Zone 1926 – 1919 breakout, gold went into correction. The test of the Additional Zone 1911 – 1909 serves as a probable correction target. After the AZ test, look for new sales according to the pattern with a target in the Gold Zone 1890 – 1886.

If, during trading, the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 1931 – 1927. The IZ serves as the trend key resistance, so look for sales in it first of all.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1911 – 1909.
    TakeProfit: Gold Zone 1890 – 1886.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1931 – 1927.
    TakeProfit: Gold Zone 1890 – 1886.
    StopLoss: according to the pattern rules.



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