Due to bounce of the support at 1H I expect XAUSD to come near ATH or possibly again touching it.
Yesterday I took nice trade which worked out great. My bias is Very bearish unless I see BOS on the Daily chart, Will we see 2016 or even 2006 this week ? I will allow my trades to have a lot of room for breathing and will observe any potential reversals to get out before TP which currently are set at 2025, 2016 and 2006. Both 2016 and 2006 will be observed...
A double top is now forming ahead of the news release suggesting a sharp decline, however due to the high volatility i expect a wick up.
Another short entry possible towards 2020. according to my strategy we should see a 2025 tested soon again, EMA5 just got under 2030 and we are seeing momentum raise, With monday's volume everything is slower.
Gold seems to be reversing before the next bull run. Expecting the price to reach 2025 in short term then possibly 2020