I draw a chart pattern to get better view of XAUUSD chart. We had a trading range breakout from upside with 11 consecutive bull bars ! So bulls strongly own the market. Price got stopped near the falling wedge beginning. I myself see this as start of correction. BO Point >> Broken Bear Trendline can be where bulls buy again and bull trend resumes. Otherwise $1765 will be tested again.
**This is not an investment advice. Your capital might be at risk.** Give me your idea on comments... Good Luck...