Medium term trend: Down
Significant Levels: 1187 (Horizontal Resistance), 1137 (Horizontal Support)
XAUUSD retraced back to the 1187 level. The price is still near that price level as of writing. We are still with Gold and this is the best opportunity to go Short. Yesterday's was an which indicated an indecision in the market. Although there's still no signal, we are still here. There's not much of a movement in the price today. We could wait for what the price will do for today and not place an immediate trade, as today is Friday and it is not advisable to leave an open trade over the weekend (unless you have a long term trade).