Expecting a small retracement from the US Dollar, before it continues its long run to the price of 5 month high, 99.68.
Lets see how XAUUSD is going to react at that level. 1340 is a strong weekly resistance and also the resistance of the channel. If it breaks it we could see a further run till 1365. Otherwise if it fails to break the line we can see a reversal till 1310.