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.
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.