Gold price forecast for today: XAUUSD analysis

The gold Target Zone 3 1875 – 1871 was held. After that, the XAU price began to fall. As a result, the short-term uptrend’s key support 1858 – 1856 was broken out. Thus, the short-term trend reversed down. Now the target for sales is the lower Target Zone 1839 – 1836.

It is profitable to enter new short trades on correction in the zone of favorable prices 1870 – 1856. To enter trades, it is required that the price enters the resistance zone and then forms a sell pattern. The first target for taking profit is today’s low.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1870 – 1856.

TakeProfit: 1850, Target Zone 1839 – 1836.

StopLoss: according to the pattern rules.

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