ForexTrendline

Next target on GOLD!

Kort
FX_IDC:XAUUSD   Guld / USA-dollar
Yesterday GOLD has reached the 1748 level, something that we mentioned before.
Now it's time for the next target.

Although price is currently in a pullback, we are expecting to see a downside continuation and a break below yesterday's lows.
Once that happens, then we should see price down at 1735.

At this level we would expect price to hold for a little longer before it breaks to the downside again.
Of course we will be following price action on a daily basis and we will react accordingly.

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