Gold price forecast for today: XAUUSD analysis 28.07.2022

The gold short-term uptrend continues. The high of July 22 is broken through. The next upside target is the upper Target Zone 1752 – 1745. Enter new purchases on the correction at the strongest levels. Strong support levels are the Additional Zone 1725 – 1723 and the Intermediary Zone 1709 – 1705.

The trend will reverse and it will be relevant to sell if the price consolidates below level 1705 at the US session.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1725 – 1723.
    TakeProfit: 1741.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1709 – 1705.
    TakeProfit: 1741.
    StopLoss: according to the pattern rules.

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