Hello traders, due to US dollar strength especially after the FOMC last week,
Gold and other USD pairs have declined strongly. However, the USD bull run
might have hit a roadblock. This gives us an opportunity to look for a pullback
in XAU/USD.
📌 My focus is on the rectangular area that I have highlighted in my chart.
📌 The level 1860 could trigger the pullback as this level seems to have some
institutional orders.
📌My potential buy entry would be between 1861-1865 with SL below 1850 and
TP at 1910
Gold and other USD pairs have declined strongly. However, the USD bull run
might have hit a roadblock. This gives us an opportunity to look for a pullback
in XAU/USD.
📌 My focus is on the rectangular area that I have highlighted in my chart.
📌 The level 1860 could trigger the pullback as this level seems to have some
institutional orders.
📌My potential buy entry would be between 1861-1865 with SL below 1850 and
TP at 1910