Xau WeeklyGoldOANDA:XAUUSDIfeOlaBe careful, Xau is in a really good position for buys, but it has been trending downwards long term. Xau could continue upwards and this continuation could either be a fake out or a breakout. Xau can play a fake out move to 4300-4400 areas and then reverse in a sell to 4000-3900 areas and below. Xau can also play a breakout where it continues on the buy trend that seems to have started in the middle of this past week and has persisted till the close of market, and continue upwards towards 4254 and 4320 areas and consolidate in that area and when the consolidation is broken upwards, we could see 4400, 4490, 4520 areas and if markets holds it long green candles strong, we could watch Xau return to its bullish behavior. Why has Xau been selling? What is the US doing to maintain the strength of the dollar? (Dxy). The market is currently closed at 4165, a lower entry than it closed at last week at 4194. Xau started in a sell drop to 4180, bought from there to 4218 areas and sold from 4218 to 4070 areas by the middle of the week and from that point Xau has been buying, refusing to break below lower lows of 4165-4135. Now the market is closed at 4165, and the market has refused to break above 4194 area upwards which is a strong resistance point for the bears. If Xau breaks above 4194 with long candles and little to no reversals, be on guard because it could be a fake out or break out. This week is a sell week, but what would Xau do? last week was a buy week which bought but only after a sell. this week is a sell week, but would Xau buy first before it sells? or would Xau sell at the open of market? Xau is currently consolidated between 4194 and 4154 areas and breaking out of either end and how that breakout happens is crucial information. I think Xau would continue to buy, but it might be temporal, to prepare for sell positions. Hmm, these are my parameters for the week, for buys, 4135-4105 and below. For sell, 4230-4250 areas, 4290-4320 areas if we are lucky. Anyway, these are my thoughts, what do you think? I think Xau would continue the buy or remain consolidated, followed by a fake out and then reversal. Get ready for sell positions by the middle of the week. Remember that a fully funded account, greed discipline, and patience would win you the trades. Hope you had a profitable week last week? I wish you Goodluck this week.