Gold price forecast for today: XAUUSD analysis 27.10.2022

Gold reached the upper Target Zone 1679 – 1674 as part of a short-term uptrend. It was not possible to break out the zone the first time, so attempts to break out the TZ will continue.

Now the price is correcting. Probably the Additional Zone 1660 – 1659 will be tested. The AZ serves as a strong support level in which it is possible to consider new purchases. The first target will be yesterday’s high.

The trend border is shifting to levels 1646 – 1643.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1660 – 1659.
    TakeProfit: 1675.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1646 – 1643.
    TakeProfit: 1675.
    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.