We can see a huge upside on this pair,Also we have third touch of trend line on Monthly Time frame ,So we need a retracement before this pair do the next move ,Even if this pair will push higher before doing that we need that retracement And as you can see we are watching on Monthly Tf that means we have at least 500 pips downside before UC do the next move
We can see that we broke that important level on weekly ,Now we did retest it on Daily Tf and closed below it.
If Xauusd manage to break Neckline,We will have a retest of it and see more downside, or if we dont break neckline we see good price action we can go long on it .
One more spike to upside before real move downside