FXHighway

Gold heads for more gains

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Target: 1317.00
Risk: 1286.00

Technical reasons:

Gold price reaches our first target at 1300.00 now, and we expect the continuation of the bullish trend to reach 1317.00.

The consolidation above 1286.00 keeps the bullish trend valid, and breaking it will push the price to suffer potential losses on the short term basis.

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