With the EUR well on the last days, there was a natural , I would say mechanical lift up of XAUUSD in USD terms.
However, the trend is still on the downside.....
On the graphic, there is three , all of them are showing the same direction.
The long term is now well bellow the short term and medium term . Which means in my studies and technique that GOld should break the three before confirming and upside and a trend reversal.
Yet on there is no sign sign that XAUUSD will reverse.
Nor on . The CCI's orientation is at the downside as well.
The headline goal remain either 1180 or even bellow. One needs to see a clear schedule concerning FED's increase of interest rate and risk before going long on XAUUSD