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Another great opportunity to sell GOLD!
Gold Spot / U.S. Dollar
Short
Another great opportunity to sell GOLD!
By ForexTrendline
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Aug 11, 2021
5
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26
26
Aug 11, 2021
The effect of the USD news is coming into play and we see price accelerating.
However we expect this to be just another opportunity to sell GOLD.
The target remains at 1700! In order for this move to have enough strength for a downside leg we shouldn't see price above 1766.
We will be watching out for an entry signal on a candle close!
You can see how this situation will develop in our daily analysis here.
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