Although we are seeing day after day of indecision and lack of volume on XAUUSD, price is still holding strong above the daily supportive region. To confirm long term buys I would like to see a crossover of the wedge trendline, until then I will be holding off from trading this ranging pair.
IG Client Sentiment Data - 80% Long COT Data - 51% Long
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.