Gold Forecast for Today: XAUUSD Analysis
The gold price remains within the short-term downtrend, not breaking resistance (B) at 2037 – 2031. For intraday traders, opening sell positions at resistance (B) is advised, with downside targets at 2010 and 1977. Look for reversal patterns before initiating new sell trades.
Trading Ideas for XAUUSD Today:
Sell Signal: Identify patterns at resistance (B) 2037 – 2031.
TakeProfit: 2010, 1977.
StopLoss: This could be 2052.75 but it depends on your risk management strategy.
In case resistance (B) is breached, anticipate a short-term trend reversal, and consider buying opportunities from the next trading day with targets in the upper Target Zone 2101 – 2089.
Trading Ideas for XAUUSD Today:
Sell Signal: Identify patterns at resistance (B) 2037 – 2031.
TakeProfit: 2010, 1977.
StopLoss: This could be 2052.75 but it depends on your risk management strategy.
In case resistance (B) is breached, anticipate a short-term trend reversal, and consider buying opportunities from the next trading day with targets in the upper Target Zone 2101 – 2089.
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