Gold price forecast for today: XAUUSD analysis04.04.2022

The short-term gold uptrend continues. March 31 high and the upper Target Zone 1969 – 1962 serve as the growth targets. Last week, the price corrected to the zone of good buy prices 1931 – 1910. It is profitable to buy gold in the beforementioned zone according to the pattern with the targets indicated above.

To sell gold and reverse the trend down, traders need to break out level 1910. In this case, the target for sales will be the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Open buy positions according to the pattern in the zone of 1931 – 1910.

TakeProfit: 1949, Target Zone 1969 – 1962.

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.