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Gold forecast for today: XAUUSD analysis
May 07 at 08:21
Member Since Sep 09, 2024
24 posts
Gold price yesterday reached the upper Target Zone 3449 - 3426 within the short-term uptrend. Large purchases were closed near the Target Zone. After that, the quotes went into a downward correction and tested the support (A) 3360 - 3352. This support was held by buyers, as a result the price started to grow and reached the first buying target near the level of 3393. If the growth continues, we can expect to reach the second target, near yesterday's high.If yesterday's high is not updated and the price breaks the support (A), the correction will continue to the trend boundary 3322 - 3311. After reaching this zone, buying can also be considered. Trading decisions on XAUUSD for today:Market Watch.

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