Simple as it is, I believe the path for the gold lad is downward. Although a jump to 1ATR higher or a little more than that is possible (some people might want to use the opportunity to go long on XAUUSD); I prefer to wait for the moment to go short on XAUUSD. The position most probably would start at the triangle near 1870-1880$.
GoldTrend AnalysisXAUUSD

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