Gold prices have fallen sharply as the DXY has regained strength. Following the recent significant sell-off, we can anticipate the potential direction of the price. Three key targets can be considered if the price moves in our favour. The first is a nearby target at $4000 which would represent a gain of 1100 pips. Subsequent targets should be determined according to your trading plan.
There are two potential entry points; if the first is invalidated the second should be considered.
We wish you the best of luck and trade safely.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.