In a triangle at the top of the trend that's why I'm neutral.
My bias is that it will break to the downside as XAUUSD needs a retracement before it breaks to the upside.
On the other hand one could say that it could touch the support of the triangle and break to upside. Afterall gold stocks in the UK and US look strong and gold has been named as a "safe haven buy" this year with analysts from all over the show calling massive targets some even past all time highs.
My bias is that it will break to the downside as XAUUSD needs a retracement before it breaks to the upside.
On the other hand one could say that it could touch the support of the triangle and break to upside. Afterall gold stocks in the UK and US look strong and gold has been named as a "safe haven buy" this year with analysts from all over the show calling massive targets some even past all time highs.