XAUUSD Next Move After 2 Years Sideway

• XAUUSD was moving in corrective wave for almost 2 years.
  
• Last bullish move coincided with an increase in volume.
  
• Soon will touch first support at 1680 and could bounce upwards from this level.
  
• Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation.
  
• Because more hike on fed % rate could mean more downward correction to the next support at 1580.
  
• And AFAIK some whales have moved their money into other hard asset other than fiat.