XAUUSD is obviously in a and when XAUUSD is on a trend, it tends to follow it until support or resistance hits. Unless it breaks these levels you could see either a +200pip rise or increase, as we've seen before.
Res level 2 (zone) has been marked, we have seen XAUUSD test this and not manage to break. Alongside res level 1, being a common area for XAUUSD to decide where it is going. r2 has been marked (next to blue arrow) as a historical res level. Alongside this, we have marked res level 1, matching r1 on historical.
Support levels follow the same criteria, with sup level 1 matching s1 and sup level 2 matching s2. We have seen many times this month go towards 1265 and bounce back up. If we see it break this level, we could see a drop towards 1240. Please refer to 1W text in the analysis provided for views on the Shooting Star, and Rejection Candle.
This will be an interesting watch for next week.