XAUUSD
Weekly double top producing LH with price action reversing lower towards 49EMA line. I'm looking for a retest of the long term descending trend line with buyers stepping in to support price action at the $1244 level. Bullish sentiment is waning & turning negative with USD cross pairs ; $USDJPY, USDEUR, USDCAD, showing renewed signs of buying interest. Further evidence of pervasive buying in these pairs, along with US FED reassertion of rate hike intentions could hamper gold recovery.