Gold price forecast for today: XAUUSD analysis15.03.2022

Gold price continues to decline within a short-term downtrend. Today the Target Zone 2 1938 – 1931 was reached. Now traders are trying to break it out and consolidate the price below the zone. If they succeed, the next target will be the Gold Zone 2 1905 – 1902. Otherwise, a deep correction will begin.

As part of the correction, it will be possible to consider new short trades in the Additional Zone 1944 – 1942 or the Intermediary Zone 1964 – 1960. The latter serves as the border of a short-term downtrend. Focus on today’s low as a target for sales.

To enter purchases, a trend reversal after breaking out level 1964 upside is required.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1944 – 1942.

    TakeProfit: 1926.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1964 – 1960.

    TakeProfit: 1926.

    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.