XAU/USD pullback on the cards, eyes on 1910
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