ForexTrendline

Gold with target at 1760!

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Last week we saw it possible for Gold to drop below 1800

We think that this move has now began and we're now looking at price possibly reaching the target at 1760!

On Friday we saw price rejecting the resistance zone and it's now trading at the 1855 support.

The next target after the breakout is 1817 where it's pretty certain that we're going to see reaction before the next move down to 1760.

This move will take some time to complete but since we know what is the main direction and the support and resistance levels, it's easy to trade it.

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