The XAUUSD made quite a rally yesterday during Fed Chair Janet Yellens speech. It now finds itself at resistance and directly on top of both the 50/200MA. It has also just made it back above 1230 which is an extremely critical level. There is still some significant levels still to break on the upside however.
I recommend entering this trade once we break through the . However the NFP release on Friday could cause some for this asset so you can either be careful with your lot size and stop orders or simply wait until after the release before entering into this trade.