Gold Price Forecast For Today: Yellow Metal Analysis [20-01-2022]

Gold Price Forecast For Today: The trading idea to buy gold in the zone of $1818 – $1811 yielded profits. As a result, the January 14th high was updated. The Gold Zone $1832 – $1831 was also broken out. Now the target of the trend is the Target Zone 2 $1850 – $1847.

Gold Price is Going into a Correction

At the moment, gold price is going into a correction and approaching the Additional Zone $1836 – $1835. After testing the AZ, look for a new buy pattern with the first target around day’s high.

If the AZ is broken out and the price consolidates below level $1835, then it will be possible to enter sales with the target in the Intermediary Zone $1827 – $1826.