mlsoft, here is a more bullish, non-PnF, read of XAU for you.
I think XAU is due for some retracement here because it is sitting just below resistance from the top of its late-July crash dive from about 74 to about 54. (A move above 74 negates that dive completely, IMHO.)
But, I think it's possible that any near-term pullback in XAU will be stopped by the support at the 67 top, with a result that could wind up looking something like this:
Note: Given that I completely missed the ENTIRE move from 54 to 73 -- (I kept waiting for the next crash dive, which has yet to come), you should probably take this with a grain or two of salt. {g}
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