Gold price forecast for today: XAUUSD analysis  29.03.2022

Traders are trying to reverse the XAUUSD short-term trend down. If successful, the next target for sales will be the lower Target Zone 1894 – 1886. Otherwise, if the price returns to the key support of 1930, expect a pattern to form and go long with the target at March 24 high.

If the upper Target Zone 1974 – 1967 is broken out after this week’s trading, then the growth target will be the Gold Zone 2006 – 2003.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1930 – 1926.

TakeProfit: 1967.

StopLoss: according to the pattern rules.

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