Good day traders,
Today, the market was more of a roller coaster. Snapping to all of our analysis like an angry beast.
Fortunately, I could only pick one single setup that didn’t really budge to all of the sentiments plaguing the market. Let’s go right ahead and analyse that pair.
1. XAU/USD (GOLD)
With all the drama in the market today, One setup that stood solid was that on Gold. From our view, the doji formed suggests a tie between the buyers and seller.
If the candlestick closes this was, we may see the bears gaining ground tomorrow, and the next support level price may seek could be 1181.45.
However, we should also be cautious at this point, because the candlestick closing as a doji is not enough confirmation for us to sell gold. I would advice us to wait for other confirmations before selling this pair. And if you are not comfortable trading it, sit on your hands.
There will be better setups in the nearest future.
Yeah, that’s all we have for today, hopefully the market would have settled tomorrow to give us better setups.
Do have a great day ahead
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