The pair has drifted lower as expected, but the volatility is low, hence we should not expect a very strong continuation of the move lower. Further, GOLD is overbought, and the pair could spike back easily when this correction commences.
Strategy SELL @ 18.7750-18.8150 and take profit near 18.5575 for now.
Strategy SELL @ 18.7750-18.8150 and take profit near 18.5575 for now.
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I would not mind to start BUY strategy near 18.6250-18.6500 due to extreme oversold USDX and other related USD pairs. Disclaimer
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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.