XAUUSD seems like not going to break the red zone without a pause. Meaning it wants to follow the first purple arrow first. What is plan? Our last trade on GOLD is still valid with NEW SL moved to the entry position. Meaning our trade is now under no risk with 1/6 lots size left. Keep it till NEW SL hit , you wont loss anything but already took 75% profit of your last trade that follow our idea.
Actually, the red head is so heavy that it is reasonable for gold to make a correction first before making a new high. For this plan ,we have the purple arrow to follow. Once the blue trendline is broken, will see the possibility of the blue bottom line to be hit soon.
This idea is marked as SHORT for the new daily correction.