Gold - Holding Strong

٢١ سبتمبر ٢٠٢٠

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