As you can see, Gold has moved in the ascending channel. After finishing its Bearish Divergence moving, We believe that XAUUSD is accumulating and consolidating on the 61.8% Fibonacci level and get ready to shoot for the defined targets and the targets are defined with Fibonacci projection of the impulsive waves.
XAUUSD touched 1750 this week. if you see weekly time firm, it might make pin bar candle ( consolidating and accumulating price on the 61.8% Fib). What we think that market would bullish