ForexTrendline

Look at what's next for GOLD!

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, we saw a breakout of the $1795 level and price reaching $1815

However, today we expect this move to continue!

Later on today we have FOMC Minutes. During the news there will be big moves and we should be prepared for them.

If we have positive news for the dollar we should see a quick drop on GOLD.
If there is one taking price below yesterday's low at $1790, then we will expect market at next support down at $1772.
In case of a strong impulse to the downside we could actually reach $1757 as well.

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