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.
Kommentar:
Gold is moving as expected towards the target, you may book your profits.
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