Gold price forecast for today: XAUUSD analysis 26.10.2022

Gold is rising in the Intermediary Zone 1641 – 1639 as part of a short-term uptrend. The main growth target is October 24 high. The second target is the Target Zone 1679 – 1674. If during the trading the TZ is broken out upside, the new target will be the Gold Zone 1705 – 1702.

An alternative scenario implies the breakout of the Intermediary Zone downside. In this case, the trend will reverse down. Therefore, from the next trading day, it will be possible to start searching for gold sales with a target in the lower Target Zone 1613 – 1607.

XAUUSD trading ideas for today:

Hold buy trades entered in the zone of 1656 – 1639.
TakeProfit: 1680.
StopLoss: 1633.




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.