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- Gold forecast for today: XAUUSD analysis
Gold forecast for today: XAUUSD analysis
Gold continues to trade in correction. Last Friday, quotes reached support (B) 3326 - 3315. This area was held by buyers. Therefore, today we can consider long positions from this zone with the first target at 3377, the second target is around last week's high of 3439.Gold continues to trade in correction. Last Friday, quotes reached support (B) 3326 - 3315. This area was held by buyers. Therefore, today we can consider long positions from this zone with the first target at 3377, the second target is around last week's high of 3439.If, during trading, quotes consolidate below support (B) during the US trading session, the short-term trend will change to downward. In this case, it will be possible to consider selling with a target at the lower target zone of 3214 - 3191.
Trading decisions for XAUUSD today:Buy near support (B) 3326 - 3315. TakeProfit: 3377, 3439. StopLoss: 3293.
