Xau WeeklyGoldOANDA:XAUUSDIfeOlaXau is a stable pair; it loves to trend. Either upwards or downwards and when it consolidates that's because it's deciding if it should continue on a trend or change trend. Your greatest hack is identifying the long-term trend. Xau has maintained a downward trend after rejecting the 5611 area in January and so far, it's still looking like the trend would continue downwards with a few buy weeks here and there. Last week Xau closed at 4349 and opened in a sell drop to 4330 and proceeded to sell below lower lows down to 4235 after testing and retesting the 4250 area. Last week was a buy week and Xau bought. Before the buy was confirmed Xau sold massively breaking and closing below lower lows of 4300 and 4270. This week is a sell week and I'm eager to see what the market is going to do because the Dxy is currently unstable but looking strongly upwards in addition to the Hawkish speculation by the US feds, however my range for the week is 4448, 4379, 4318. I would be looking for sell positions until Xau breaks and closes below 4250 to 4150 areas as the week progresses. A properly funded account, discipline and patience would win the trades. Scalpers, what is your opinion on the market this week?