Although xauusd is negative in monthly and weekly time frame, in daily time frame i see a Head and Shoulders formation possible. The reasons listed below are what make me say gold will grow at least to 1807-1814:
1- D1 bull Engulfing Candlestick Pattern. 2- breakout of H4 down trendline. 3- H4 MacD Divergence 4- 1807 is the top of the left shoulder
I expect a pullback to 1771 (the 1st support level) the next 2 days before rising in a number of days to the TP proposed.
So i will order a buy limit at 1771 with a Sl below 1758 (the last Mn and W1 lows) plus H4 1 ATR points.