XAU USD analysis
XAU USD is currently trading at 1827 level, today it gets down and touches its support at 1810 again and makes a shadow which shows that the bulls are still strong over the bears. I have made my analysis on the Daily time frame, XAU USD is trading in a channel and looking at this chart we can trade inside the channel, which is pretty sure that the pair will get to its bottom again before any further rise. If XAU USD breaks above the channel on the daily chart and holds above it then the bearish scenario won?t be valid, below the trend line I will be suggesting a selling entry on XAU USD from top first target should be at 1800, second is 1760, which is also the last month low level. Another thing which can also be negative for XAU USD is USD X strength, on Biden Oath ceremony he will release some packages which will push USD X to upside and that is negative for XAU USD also.