Gold Forecast For Today: Gold continued trending up in the short term yesterday, and 20 January’s high was updated. The upper limit of the Target zone 2 — level 1855 — was also tested. However, the buyers failed to break that zone out.
Gold Price Analysis: The precious metal is currently trading in a correction whose target might be to test the Intermediary zone 1832 – 1835. I suggest considering new longs after the key support is tested, according to a pattern, with a target at yesterday’s high.
To go short, wait for the short-term trend’s reversal to the downside. To sell gold, the price must break out the level of $1830 and consolidate below.
Gold Trading Plan for Today
|Gold Trading Tips [26-01-2022]|
|Buy according to the pattern from Intermediary Zone $1832 – $1835. Take-Profit: $1855. Stop_Loss: PAID Members.|