GOLD: $1983 is possible next target | what do you all think?

XAUUSD Price rejected at 2064$ key level, and in our previous chart we had identified the same key level from which price could reject. Now the after effect of the NFP data price rose sharply as DXY plummeted. Expecting DXY to be bullish we think price of GOLD will start ranging from $2040 to $1980 next week. Our entry can become valid once market settle down in Asian Session. Then target in London Session if price show bearish sign take entry and set take profit at 2020$ first and 2000$ second and final entry should be at 1990$

Good Luck and Trade Safe.

Trade active:

Gold dropped straight from our point helping all of us in gaining nice 294 PIPS,

As we had said that our first target will be 2020$ and then 2000$ and final target will be at 1990$. Let's wait for price to hit our second target.

Comment:

Gold had retraced back to the 2060$ region after dropping 450+ PIPS. And then drop again, until 2002 which gave us nice profit of 620+ PIPS.

On Friday Gold pushes up to $2040 region making it a third great opportunity to sell gold. We still believe there is more downside move that gold can make. If we continue noticing price movement on Monday, there can be swing selling opportunity.

Trade closed: target reached:

720+ PIPS TP HIT