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Gold forecast for today: XAUUSD analysis
Yesterday, market participants set another historical maximum in gold. The Gold Zone 2940 - 2933 was also broken through. The next growth target within the short-term uptrend is the Target Zone 3008 - 2996.
It is favorable to consider new purchases on the correction from support (A) 2893 - 2887 and support (B) 2862 - 2853. The main target for long positions will be yesterday's high. Trading decisions on XAUUSD for today:Buy near support (A) 2893 - 2887. TakeProfit: 2921, 2956. StopLoss: 2876.
Gold’s price is hovering near support, but look at the volume — drying up as we approach a trendline test. Is this stealth accumulation or just indecision? Historically, we get a breakout after such patterns. Are you loading up, shorting, or waiting for confirmation?
