Gold price forecast for today: XAUUSD analysis 30.11.2022

The gold price is trading in the resistance zone 1769 – 1750, where one could enter short trades in the short-term downtrend. When there is a sell pattern, one should open a short position with a target at the low of November 23. The major downside target is the lower Target Zone 1701 – 1692.

The trend will turn up, and it will be relevant to buy if the price breaks out level 1769 upside. The buy target will be the upper Target Zone 1816 – 1807.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1769 – 1750.

TakeProfit: 1723.

StopLoss: according to the pattern rules.





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