On XAU/USD we can see that the market has been creating very strong bullish movements. At the moment testing very strong structure. Currently creating an over extended market to the upside. We can be monitoring XAU/USD from a 4h perspective and wait for the shift from a bullish market to a bearish one to take a nice short for it to go and complete it's pattern at least to the 0.382 of the daily impulse.
Trade closed: target reached