XAUUSD H1
Gold is still within the descending channel and could potentially attempt for lower support with the first target of 1694 - 1688. Breaking below and we could see gold to reach 1680/70 and below that 1665/55. Fed Powell speaks tomorrow and could move the market massively. On the flip side, if gold could break above 1720 then the higher resistance is 1728/30.
Trade closed: target reached
Gold breakout to the upside, as mentioned, breaks above 1720 and it will reach 1728.Trade closed: target reached
target achieved at 1690.5Trade closed: target reached
All targets were achieved as suggested in 1662. Boom.
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