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AlkalineFX
Oct 26, 2020 7:15 AM

GOLD/XAUUSD - On the Sidelines Short

GoldOANDA

Description

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
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