If gold break the trendline on four hours chart, and close weekly above the trendline there is a possibility XAUUSD will test 2550.00. OANDA:XAUUSD
Looking for longs.Price might pullback to an area which would have interest for buyers.My opinion is too risky to go long now as tomorrow is Friday where usually whales take profit.
Shorting #EURJPY for next week based on last week price action. Entry price will be at 141.2500 with 35pips stop loss.
Price seems respecting the Daily trendline. If price breaks, possible a bearish price movement towards next support.
Gold retracement and continue towards to 1620 area last support.
Gold is climbing high breaking bearish pattern on 4HR time frame.
Gold will make a retest again at 1620 before moving up to the 1700 level.
My advice for long run investors : buy physical gold under 1800 $ as it will become harder to get within time . as for short term traders : sell under 1685 as long while the Fed is playing hawkish policy and beware of any sudden course change and don't risk with big money as the Fed is walking on thin ice above Massive dangerous amount of debt .