Gold price forecast for today: XAUUSD analysis 30.06.2022

Gold traders are again trying to break out the short-term uptrend’s key support of 1821 – 1817. Yesterday, the zone was held, so today, focus on purchases according to the pattern with the first target around June 16 high. To form a pattern, traders need to break out yesterday’s high and consolidate the price higher. In this case, a “double bottom” buy pattern will be formed.

If, during today’s trading, the Intermediary Zone is broken out downside and the price closes lower in the American trading session, the short-term trend will reverse down. In this case, from tomorrow, consider gold sales with the target in the lower Target Zone 1785 – 1778.

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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