Gold is still within the descending channel and could potentially attempt for lower support with the first target of 1694 - 1688. Breaking below and we could see gold to reach 1680/70 and below that 1665/55. Fed Powell speaks tomorrow and could move the market massively. On the flip side, if gold could break above 1720 then the higher resistance is 1728/30.
Trade closed: target reached:
Gold breakout to the upside, as mentioned, breaks above 1720 and it will reach 1728.
Trade closed: target reached:
target achieved at 1690.5
Trade closed: target reached:
All targets were achieved as suggested in 1662. Boom.