Mihai_Iacob

Gold- 1700 could not be a much of resistance

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OANDA:XAUUSD   Ouro/Dólar Americano
As expected, Gold was on the run last week with the price gaining more than 600 pips.
Now the yellow metal is trading and consolidating just under 1700 resistance but, considering the low volatility here, this can prove to not present a very big challenge.
I expect the price to continue higher and pass easily above 1700.
The soft target can be 1750, but 1800 is not out of the question next week if we have a daily close above 1700.

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