Gold price forecast for today: XAUUSD analysis 29.06.2022

Gold traders are testing the short-term uptrend’s key support of 1821 – 1817. They cannot break out the zone, so the uptrend continues. Today look for purchases according to the pattern with the first target at June 16 high. The second target for purchases will be the upper Target Zone 1884 – 1877.

To form a buy pattern, it is necessary to consolidate the price above June 27 high. In this case, the “1-2-3” pattern will appear, within which it will be possible to enter long trades.

Price consolidation in the American session below level 1817 is required for entering sales.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1821 – 1817.
TakeProfit: 1857.
StopLoss: according to the pattern rules.

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