Spot Gold Forecast For Today: Yellow Metal Analysis By MCX Money

Spot Gold Forecast for Today: Yesterday, following the correction, the gold (Yellow Metal) price reached Intermediary Zone $1,774 – $1,772. The zone was not broken out, and the US session closed the price above. Today, the primary scenario suggests entering purchases according to the pattern with a target at $1,792. The gold 2nd upside target price will be the upper Target Zone $1,803 – $1,799.

If the Intermediary Zone is broken out downside and the price consolidates below level $1,772, the short-term trend will turn down. If so, it will be relevant to sell gold down to the target in the lower Target Zone 1755 – 1751.

Spot Gold (Yellow Metal) Trading Call for Today:

Buy gold according to the pattern in Intermediary Zone $1,774 – $1,772. Take Profit booking price: 1792, Target price key $1,803 – $1799. Stop Loss: Paid Member.

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