Chart of the day

XAUUSD is testing the critical resistance of 2015. A break above this level is required for an upside reversal higher to test 2106 as a possible extension in the fifth wave. A rejection here will leave the downside swing in the fourth wave to test 1922 again as a possibility.

I see this still as a fifth-wave upside not finished and will be confirmed upon a break above 2015. We need to see a clear confirmed break below 1980 for the upside fifth wave to be invalidated.

Long trades could be opened here upon a break above 2015. Short trades should be opened in the case of rejection here and a break below 1980. This is a key resistance level and a break of it or a rejection will determine a future direction.