XAUUSD has once again printed a long-legged Doji Candlestick in the daily chart which indicates confusion among the market participants.
At this point, it is possible to see some sort of minor pullback in Gold.
This is definitely NOT a recommendation to SELL.
However, if Gold continues to struggle around the 1680 area, sellers can consider adding a couple of sells (small lot size) between 1674-1680 with SL above 1698 provided price action in lower TFs indicate bearishness. TPs can be set at 1640, 1620 and 1590.
At this point, it is possible to see some sort of minor pullback in Gold.
This is definitely NOT a recommendation to SELL.
However, if Gold continues to struggle around the 1680 area, sellers can consider adding a couple of sells (small lot size) between 1674-1680 with SL above 1698 provided price action in lower TFs indicate bearishness. TPs can be set at 1640, 1620 and 1590.
Trade closed: target reached
Reached final target at 1590 as well
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Related publications
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.