XauUsd reach 1990, retracement for uptrend or sideway

To slowing down inflation, FED hike interest rate agressively. These action however cause bankruptcy for banks like SVB as we seen last week. This week
We have UBS-CS deal to halt bank crises.

Following these news, i am still bullish on XauUsd as the inflation still pervail. Although UBS-CS deal stabilized the market temporarily.