salsapete

Gold - next target $1530

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On the HTF charts we can see gold has move around $ 200 for the prior 3 legs down.

So , with a similar movement down in the current leg , a price target of $ 1530 is reasonable.

The next weekly support level comes in at $1450.

With an extremely bullish Fed , and skyrocketing US Dollar, Gold is on the slide.

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