Still sideways. Bearish break-out more likely.

XAUUSD is still trading sideways on 1D within the 1,180.50 Support and 1,214.20 Resistance but at the moment on increasingly bearish bias (RSI = 44.378, MACD = -4.220, Highs/Lows = 2.6543, B/BP = -4.9020). 4H is a strong Channel Down (STOCHRSI = 0, Williams = -85.155) and by crossing 1,189.40 will make a new Lower Low near the 1,180.50 Support. We continue to be neutral within those Support/ Resistance levels but with USDCNY making a new 4H Higher High today at 6.8661 and DXY on the verge to, Gold is more likely to turn bearish. After 1,180.50 we are targeting 1,172.20 and only if 1,218 breaks we will reverse to buying (1,267).