Gold Spot / U.S. DollarUpdated Gold movements
Gold has a tendency to retrace all the way to previous support levels before taking swift moves up
If S&P500 continues to be bullish at this point buying interest for gold should reduce allowing for a brief move down
SPX would then have had several days of bullish action and need a rest, encouraging investors to rotate out of stocks and into gold XAUUSD
If timing is right this would push gold price past $1330 and onward to next logical resistance at $1350
Despite no overtly bearish signals on the chart, if the idea is incorrect then invalidation point is close to have low risk trade
Fractal action
If S&P500 continues to be bullish at this point buying interest for gold should reduce allowing for a brief move down
SPX would then have had several days of bullish action and need a rest, encouraging investors to rotate out of stocks and into gold XAUUSD
If timing is right this would push gold price past $1330 and onward to next logical resistance at $1350
Despite no overtly bearish signals on the chart, if the idea is incorrect then invalidation point is close to have low risk trade
Fractal action
Note
Me: post chartGold: Invalidate
Note
No S/R flip, plan was back on from then 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.