ForexTrendline

The next target on GOLD is 1726!

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Let's begin with this analysis from last week - 22nd of September

This current situation is very similar as well. We expect the next move down to reach 1726.
We could see price moving upwards, but in case of a candlestick formation signal we could be looking for entries.

We don't recommend entering at a current price levels and using those targets due to the negative risk to reward ratio.

Stops above 1790!

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