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XAU/USD has risen $20 since the government shutdown, it needs a retracement. If 1265-66 could hold, I reckon XAU/USD has the potential to make a new high to 1280s and 1300s zone.
Currently, XAU/USD is still in the BULL territory and above the regression channel.
From my previous analysis in Tradingview, The BUY signal activated at 1255. The next potential target 1288 and 1309.
PS: If Trump end the Government Shutdown, I will sell XAUUSD for $20-$40 drop.
Gold has reached the upper regression channel, 1260 zone is strong resistance.
It all depends on US Final GDP q/q and Core Durable Goods Orders m/m data . Will it give a strong catalyst to push Gold beyond 1260 zone or maybe it could make gold fall deeper to retest the bottom trendline at 1238-40 zone (31.80% Fibonacci retracement).
Currently, based on my...