XAU has been consistent with it's reaction inside this parallel channel, currently we have an ongoing rally towards the final wave of third wave micro degree this rally may continue up to 2,800 area before reacting again on the upper bound channel then a corrective pattern will follow, will update my idea on a bearish side once we hit the target around 2,800 area.
Elliott WaveParallel ChannelWave Analysis

Also on:

Disclaimer