XAUUSD next target price is 1705.64usd.

XAUUSD next target price is 1705.64usd. My analysis includes the daily D1 ATR range. It can be seen that the exchange rate dropped to D1ATR50% (1640usd) and then turned north. For the time being, this indication is valid. Furthermore, the fact that all ATR-based parameters move during the exchange rate signals a "healthy" trend strength. Therefore, in my opinion, the rise will continue. Nonetheless, it is worth following the movement continuously. In the event that the exchange rate moves south, it is advisable to reduce the risk at the lower level of the D1ATR range (1621.77usd). If the first half of the analysis is completed, then 1705.64usd for further rise. I hold my long position for the time being.