Hello traders, due to US dollar strength especially after the FOMC last week, Gold and other USD pairs have declined strongly. However, the USD bull run might have hit a roadblock. This gives us an opportunity to look for a pullback in XAU/USD.
📌 My focus is on the rectangular area that I have highlighted in my chart.
📌 The level 1860 could trigger the pullback as this level seems to have some institutional orders.
📌My potential buy entry would be between 1861-1865 with SL below 1850 and TP at 1910