Gold forecast for today: XAUUSD analysis 09.10.2024

Gold started a correction and pierced the support (A) 2630 – 2625 yesterday. Now, the price may fall to the support (B) 2603 – 2594. Once this zone is reached, one may consider long trades with the first target of 2640 and the second one near 2685.

If the price breaches the support (B) today, the short-term uptrend will reverse. In this case, consider short trades with the target at the lower Target Zone 2528 – 2512.

XAUUSD trading ideas for today:

Buy at support (B) 2603 – 2594.
TakeProfit: 2640, 2685.
StopLoss: 2578.

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