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Gold Forecast for Today: XAUUSD Analysis
Jul 16 at 04:58
Member Since Sep 09, 2024
44 posts
Yesterday gold buyers once again tested the border of the short-term downtrend 3372 - 3360. From this zone it is favorable to consider new sales with the first target at 3310 and the second target near the June low of 3248. If the price consolidates further below, the decline may continue to the Target Zone 3226 - 3203.If resistance (B) 3372 - 3360 is broken upwards, the short-term trend will change to an uptrend. In this case from the next trading day it will be possible to consider purchases with the main target in the area of the upper Target Zone 3495 - 3473.
Trading decisions on XAUUSD for today:Hold sales near resistance (B) 3372 - 3360.TakeProfit: 3310, 3248.StopLoss: 3394.

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