Gold price forecast for today: XAUUSD analysis

Gold short-term uptrend continues. The price reached Gold Zone 2, 1905 – 1902 yesterday. The gold traders should try to break out this zone. If the zone is broken out, the next upside target will be Target Zone 3, 1940 – 1933.

If Gold Zone 2 is held down, the price will be corrected down to support (A) 1866 – 1862 or support (В) 1849 – 1843.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1866 – 1862.
    TakeProfit: 1900.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1849 – 1843.
    TakeProfit: 1900.
    StopLoss: according to the pattern rules.

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