Gold price forecast for today: XAUUSD analysis  27.05.2022

Additional Zone 1851 – 1849 hasn’t been broken out. The gold short-term trend remains up. It is relevant to enter buy trades according to the pattern with the target at the high of May 24. A buy pattern will emerge if the price consolidates above level 1856.

If the XAUUSD price continues rising and breaks through the high of May 24, it should break out Target Zone 1865 – 1858. If so, the next upside target will be Gold Zone 1898 – 1894.

If the price breaks out  Additional Zone downside, the correction will continue down to Intermediary Zone 1833 – 1830.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1851 – 1849.
    TakeProfit: 1869.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1833 – 1830.
    TakeProfit: 1869.
    StopLoss: according to the pattern rules.

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