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Gold forecast for today: XAUUSD analysis 26.01.2023

Gold is trading in the short-term uptrend. The price broke out Target Zone 1940 – 1933. The next upside target will be Gold Zone 1971 – 1968.

I recommend entering new purchases on the correction down to strong support levels, such as support (A) 1914 – 1911 and support (B) 1897 – 1892. Enter a long trade only when there is a pattern. The first upside target will be today’s high.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1914 – 1911.
    TakeProfit: 1948.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1897 – 1892.
    TakeProfit: 1948.
    StopLoss: according to the pattern rules.






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