Gold forecast for today: XAUUSD analysis 29.10.2024

Gold is maintaining its short-term uptrend. Today, the price will likely set a new historical high if the asset exceeds the October 23 high. If the price consolidates above this mark, the next bullish target will be the Gold Zone 2789 – 2784.

If a correction develops, quotes may fall to the support (A) 2703 – 2697. Once this zone is tested, consider long trades with the main target of 2758.

XAUUSD trading ideas for today:

Buy at support (A) 2703 – 2697.
TakeProfit: 2728, 2758.
StopLoss: 2686.

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