Once again I'm bringing you XAUUSD, it has been correcting for some days already and we can be close to a possible breakout to the downside. However, for us to make an entry for a short position we would like an impulsive candle breaking our corrective channel, if we don't get that and instead what we get is a massive retracement candle, we could set eyes for a long position with our target in the key level (blue rectangle).
We reccomend you to really pay attention to this pair in the next couple hours as it has so much to offer right now!