XAU To Continue It's Downtrend

5. Feb. 2020

I believe XAUUSD will continue its current overall downtrend over the next couple of days to price of 1537.530. Currently at 1557.881 at 11:12a Central, price has been trending up on the 1 hour chart which is simply a pullback. The buyer/Bulls are about to lose control as they are running out o strength. Right now you want to get into a Sell at the highest point you can around 1559.242 in a Sell. Stop Loss (SL) should be around 1562.000 and Take Profit (TP) should be at 1537.530.