Gold long idea
Updated
Gold is currently trading at $1759, the highest level since August 18 amid US dollar sell-off. The next resistance level for XAUUSD to break is $1770. It would open the path to $1800 psychological mark. On the downside $1755 and $1745 would be the next target for the bears. A convincing break below would accelerate gold slide to $1730, the previous month's high. Michigan Consumer Sentiment will be released later today during the US session which will have the impact on Gold and the USD.
Note
Gold is moving as expected towards the target, you may book your profits.Trade closed: target reached
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