I see two different Scenarios taking place with XAU.....

We may see a small run up on Gold for the time being. The run may drop at 1740 or it may continue to the 1760 area then drop, either scenario I am short to about the 1640-1670 level. As we know, that when gold drops the dollar usually runs up.
Chart PatternsFundamental AnalysisTrend Analysis

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