XAUUSD: $1707 Next Short Target

2 thg 5, 2020

First off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let me get into a few points. Right now, Gold is very bullish on the Forex market, and in most financial markets in general. The demand curve is seemingly going up. This is why it also has long potential. However, for a short term self-off target for Gold (since I prefer doing shorts for day trades), the target I would set-off is $1707, then reinvest in the dip couple dollars down and so forth following the day's range trendline.