Forex_Times

πŸ’‘ Gold: will the trend decline continue?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
πŸ“Œ Should a successful test of the limit seller (1786.54), which is reinforced by a $42 million increase in downside positions, expect a decline to close the day to the limit buyer (1773.57).
πŸ“ At breakdown and fixing of the limit buyer (1773.57) we expect continuation of medium-term impulse to the hedge support zone (1750.00).
In case of breakdown and fixation above the limit seller (1786.54) the final growth target for today will be the level of round numbers 1800.00, where the current resistance area of institutional investors is located.
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