Gold Forecast for Today: XAUUSD Analysis 15.11.2024

Gold is trading in a short-term downtrend. Yesterday, the price broke through the Gold Zone 2570 – 2564. The next bearish target is the Target Zone 2510 – 2498. Now, the asset is trying to correct upward. If the correction proceeds, the price may test the resistance (A) 2600 – 2594. Once this zone is tested, consider short trades with the main target near yesterday’s low.

XAUUSD Trading Ideas for Today:

Sell at resistance (A) 2600 – 2594.
TakeProfit: 2568, 2536.
StopLoss: 2611.

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