On the monthly XAU/USD has entered a ranging mode, this puts 1400 in view as a potential top of range. On the weekly chart, we have entered a fresh uptrend. On the daily chart, we are in a strong uptrend.
A sharp return to the 1190 level would generate opportunity for great long. A slower return to the 1190 level would be less favourable and I would expect to see a slightly deeper penetration perhaps to 116x.
Tier 1 trade because we are at a major trendline on the monthly and it is not cleared yet; trends are not in agreement.