TwitChute
Short

XAUUSD Forecast for the week starting 26th September

OANDA:XAUUSD   Gold Spot / U.S. Dollar
229 2 4
Gold             has been trading inversely to the USDJPY             .

USDJPY             retested the 100 level and that's proven to be major support.

A small recovery in the Yen will send Gold             back to the 2016 support trend at $1320
Comment: TG 1320 Hit
Comment: Target $1320 hit, idea closed
Trade closed: target reached
I agree.I also think that once it will hit the 1320 support will explode to the upside by the end of the week..if we look at the weekly chart we see that is oversold and sitting above the 10MA(1322.57)
+1 Reply
Completely agree. Gold fever is clouding people`s judgment and emotions are running high. Analyst rhetoric is overwhelming. When you look at the evidence objectively, it seems apparent the USDJPY will now begin to rise. My opinion.
+1 Reply
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