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2300

Gold's longterm target is 2300+ Dollar Hey guys, as always: everything relevant is attached on the Chart. I'm looking for a possible bottom here to hold my longs mid-long term, as I can see possible signs of a reversal. We bounced off the 70% Fibonacci Retracement at 1750 yesterday, which is likely to be the bottom of wave 2. Anyways I'm not excluding another leg down to 1729 which will be the best possible entry for me. If my count is correct we will see a lot of bulls stepping in within the next trading sessions. Stay healthy & save Raffa
OANDA:XAUUSDLong
by RaffaeleL
8
More bullish potential for GOLD as we approach $1,900!Overall the next immediate target to the upside is $1,940-50 region before we can then look at $2,000 which is not to far away. The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to this time last week when US inflation data far exceeded expectations and spurred a more pronounced rebound. Overall upside target from here is $2,300 long term.
OANDA:XAUUSDLong
by FTUKcom
4