Gold Forecast for Today: XAUUSD Analysis 19.11.2024

Gold has touched the resistance (B) 2631 – 2623 within an upward correction. Consider short trades near this zone within the short-term downtrend with the first target of 2584 and the second one near 2536.

If the price pierces the resistance (B) today, the short-term downtrend will reverse. In this case, consider long trades with the target in the upper Target Zone 2726 – 2709.

XAUUSD Trading Ideas for Today:

Sell at resistance (B) 2631 – 2623.
TakeProfit: 2584, 2536.
StopLoss: 2651.

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