Gold price forecast for today: XAUUSD analysis 30.03.2022

The short-term gold trend reversed down. As a result, the lower Target Zone 1894 – 1886 was reached. After testing the TZ, the price corrected and reached the Intermediary Zone 1929 – 1926.

The Intermediary Zone serves as the border of a short-term downtrend. Today it would be profitable to look for sales in the beforementioned IZ. The sales target will be to update yesterday’s low.

To enter gold purchases, it is required to break out level 1929 and consolidate the price at the American session higher.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1929 – 1926.

TakeProfit: 1890.

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.