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Eyes on XAUUSD, potential shorts

As gold drives higher overnight post FED, its running sharply into resistance at 1786. After an impulsive wave the market appears to be slowing down albeit remaining in a uptrend. We can expect volatility upon NY open as usual potentially correcting some on the London's move.


We are watching for a 3rd drive at the high, with an untested daily low (no wick).



Looking at the real charts now we can see the afternoon session profile has opened bang on a previous naked POC with imbalance. Ideally we are looking for the imbalance to be restored during the NY session as we trade at +2SD with a flat VWAP (unbiased direction).


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