Gold forecast for today: XAUUSD analysis

May 12 at 08:15
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Medlem sedan Sep 09, 2024   27 inlägg
May 12 at 08:15

The short-term trend for gold has changed to a downtrend. The key support 3322 - 3311 was broken today. Now the selling target is the lower target zone 3210 - 3187.New short positions are favorable on the correction from resistance (A) 3327 - 3320 and resistance (B) 3369 - 3357. The main target for possible sales will be today's low.Trading decisions on XAUUSD for today:Sell near resistance (A) 3327 - 3320. TakeProfit: 3282, 3238. StopLoss: 3343.

Medlem sedan Aug 18, 2019   79 inlägg
May 12 at 09:45

Looks like you’ve got a solid analysis. I would also keep an eye on the overall market sentiment and any potential news events, as they could trigger sharp moves against your levels. For those using automated bots, I’d suggest setting up tighter stop-losses and using trailing stops to protect against volatility. I’m also currently running an automated system for XAUUSD signals, and today’s analysis seems aligned with my current strategy. Let’s see how it plays out!

Adapt, analyze, and achieve — one trade at a time.
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