ForexTrendline

No changes in our expectations on GOLD

Kort
FX_IDC:XAUUSD   Guld / USA-dollar
GOLD is still trading between 1760-1800.
While it's there, we're not looking for entries.
We would rather wait and trade other opportunities.
We're still expecting the next drop and nothing has changed compared to our previous analysis.

"In case of a break below the previous lows, we will sell and aim for the levels below 1724.
If it goes to the upside, we will look for reversal signals and sell again with a target below 1724."

Keep an eye on our daily analysis to find out which one of these two will happen and where will be the entry point.

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