- Gold fell on Monday in step with a stronger dollar as investors cautiously looked forward to U.S. inflation data that could influence the Federal Reserve’s timeline for easing its bond purchases.
- However, a gold recovered before NY closed and continued the rally during ASIAN session.
- Possible pullback on gold around 1801-1798 (OTE) before further upside continuation.
Trade active:
Trade is now active and running.
Comment:
Book the partials and let the rest run until Takeprofit. Else, you can turn the trade into a swing trade after shifting SL to entry. Enjoy!
Trade closed: target reached
