AlkalineFX

GOLD/XAUUSD - On the Sidelines

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Im very indecisive with XAUUSD, It is always highly manipulated and doesn't want to seem to follow structure or trends like the majority of FX pairs. From a retail technical stand point I would say that price is comfortably downtrending, what I would like to see is a pullback into the key level of structure marked, followed by signs of rejection before getting involved in a sell. Knowing GOLD we most likely wont see this at all!

COT Data - 61% Long
Sentiment Data - 82% Long

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.