XAUUSD price is being contained within an ascending channel . Current price has reached 50% fib level from previous swing high. Looking for slight pullback and continuation to 61.8% fib level. Must observe DXY to which this pair is inversely correlated. Trade at your own risk.
Trade active:
Price made impulsive move up after making a very slight pullback. Price is grazing the 61.8% fib level; anticipating pullback to $1240 as noted.