ForexTrendline

Will GOLD fall down to 1800?

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The short answer: Yes, of course.

If there's something that we know from our 10 years of experience, it is that everything is possible.
And we're not only talking about possibilities but for our current expectations.

We're looking for a drop on GOLD and that will be the case while we're trading below 1970.

First target will be 1860 but it's definitely possible to see a breakout and a move down to 1800.

Once that happens, many of the market participants will be stopped out and we will then see the next move up.

We're closely watching Gold in our daily analysis!

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