Get started
MarcellusLUX

A pullback is possible in Gold

Gold Spot / U.S. Dollar (FX:XAUUSD)  
MarcellusLUX  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell xauusd4h
45
15
trendanalysis chartpattern beyondta xauusd xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdsell xauusd4h
Gold appears to have hit a hurdle in the 1910 level.
The bulls are unable to take out the 1910 level and we have some
consolidation in this area.

At the same time, US Dollar seems to have found some bids.
This can lead to a pullback in the price of Gold.

If gold continues to struggle in this area then selling Gold@1900-1910
with SL above 1920 and TP at 1845 would be a possible pullback trade.

Related Ideas

MarcellusLUX
Gold in demand area, possible pullback may occur
MarcellusLUX
Gold might drop again if the bulls fail at 1895
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.