XAUUSD outlook
Updated
Below I will post another possibility because outlook is mostly bullish for the foreseeable future in the next couple of weeks however anything can happen and need to adapt to markets.
We had week retail sales, lower permits than forecasted, higher unemployment many indications of a weaker dollar coming. I only want to trade the now so if/then DXY breaks below 105.312 strong bar close below I will start looking to re-enter the market for precious metals.
However, the reason for the caution is because we are trade at the top of a bearish channel which could push price down unless it consolidates and expands or gives us a strong impulse candle to break through but on the other hand all TF are bullish.
Tread lightly
See second outlook below in updates
We had week retail sales, lower permits than forecasted, higher unemployment many indications of a weaker dollar coming. I only want to trade the now so if/then DXY breaks below 105.312 strong bar close below I will start looking to re-enter the market for precious metals.
However, the reason for the caution is because we are trade at the top of a bearish channel which could push price down unless it consolidates and expands or gives us a strong impulse candle to break through but on the other hand all TF are bullish.
Tread lightly
See second outlook below in updates
Note
More bearish outlook since we are at the top of a bearish channelTrade closed: target reached
After target was reached I identified that price was struggling with the area that we had previously journaled was a strong resistance, it made it above but just slightly however this was the top of a bullish channel. 
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