RETRACEMENT COMING ON THE XAUUSD
Updated
I am waiting for the retracement to the 13 or 18 ma, potentially even the 50 ma. Gold has broken its ATH. Looking very good at the moment, it's in an obvious uptrend (advancing stage). As long as its trending up I will remain bullish. As soon as we see a ranging market - the 200 ma will go flat and the price will whip back and forth. Then we will know we have entered the distribution stage and there we will be able to trade the market differently.
Note
If price breaks 50 ma (dynamic support), I am looking to go short
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