THE GOLDEN HOPE

An act in good faith that no new record highs are to be recorded this month nor the next.
Despite a box formation on M15 which signals a possible exit to the top of the horizontal blue range,I strongly believe that the current H4 range will hold until the expected next interest rates discussion/decision on Sep 4th.
However: Please be advised that XAU/USD is a very complex pair to trade and violates many analysis and trade theories of traders across the globe.Which is why it is deemed a high risk pair to trade and most traders scalp it instead.
A sell position after 15:15 South African time would be ideal,provided that the CPI release drop gold prices lower and favored the dollar. a trade before the CPI release is an unnecessary risk for me... ,for trading gold is a high risk on its own.
Do trade with caution and use proper risk management.