Here on the daily price action is still within the Kumo supposedly at equilibrium. Now that FOMC and NFP are behind us will the Trump-o-nomics sustain a Kumo breakout for Gold? Because it looks like the dollar weakness could possibly end soon and could therefore not bring additional support to a Gold uptrend. DXY seems well supported by the weekly Kijun at 98.95 as shown below.
Coming back on XAUUSD 1230 is shared by upper Kumo limit and 50% of downtrend from 119 (Nov09) spike to Dec15. In addition recent candles are quite far from Kijun and price action could lack stamina to break this double resistance.