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Gold forecast for today: XAUUSD analysis
May 09 at 10:34
Member Since Sep 09, 2024
27 posts
Yesterday, the correction to the short-term uptrend in gold continued. As a result, support (B) 3322 - 3311 was tested. It was not possible to break through the zone. This morning market participants once again tried to break the zone down. If the American trading session closes below support (B), the short-term trend will change to a downtrend. In this case, from the next trading day we will consider selling precious metal with the target at the lower target zone 3210 - 3187.If in the course of trading the price will return to the support (B) and consolidate above, we can consider buying with the first target at 3373, the second target - 3435.Trading decisions on XAUUSD for today:Market Watch.

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