Gold is headed towards $1,975?

Gold (XAUUSD, $1,904) continues to advance within ascending wedge formation, which has tendency to break-down even if for short-term. However, any breakdown of the lower band of the wedge (blue) is likely to offer a shallow pull-back, therefore, support comes just under $1,975 level Gold's next target is $1,967 - 1,975!