GOLD TRADE IDEA 26 OCTOBER

After yesterday's consumer sentiment data, Dxy broke below 112.00 causing rally in gold and currently trading in red uptrend channel

We are looking for short-term uptrend move while the overall trend will remain bearish in our opinion

A pullback to 1656-1657 will give a long opportunity targeting - 1678-1680.

Another safe buy will be around 1648 targeting the same.

Break above 1664 will be buyer's area,

We will not prefer any short position below 1638,

While 1682-1683 has been rejected many times in higher time frames also the overall trend is bearish, A short position from 1683 would be safer