As I expected, Gold exploded to the upside and I booked a nice 950 pips profit on my trades ( buy Gold at 1790-closed at 1855 and buy Gold at 1825- closed at 1855). After reaching 1869 intraday high, XauUsd couldn't sustain its almost 500 one-day gains and has started to drop and correct the upside move. Now is trading at 1847, but keep in mind that this is only a correction and the safest way to trade is in the direction of the overall trend which is strongly bullish From a technical perspective, 1830 zone is now strong support, and dips towards that zone should be bought in my opinion. My medium-term target remains 1900 zone, but short-term traders can target 1869 recent high.
You bought since it was at 1790??!! That's some nice profits there!! Anyway, I agree with you, although I see the price approaching a level where there could be a strong push to the downside at around 1880 on the Weekly timeframe. This could be an opportunity for bears to create a higher low. But until then, bulls are pretty strong.