XAU USD pair is currently trading at 1693 level. Yesterday when it was trading at 1716 level I wanted to take a sell trade, but unfortunately, I didn?t have a margin because my EUR USD trade was in floating loss. And I have a tiny account of about 50 dollars. Anyway XAU USD is trading in a bearish channel from a long time on a daily time frame you can see in my chart. The pair have almost reached Its bottom. Yesterday I suggested a sales trade and that exactly went accordingly. Technically, XAU USD is supposed to rise because it has touched the bottom. But today we have high-impact news and that will bring massive volatility. So, I will suggest waiting for the news release. Once, it confirms the data, then trade accordingly. If XAU USD breaks below 1680 then the next target would be 1640 to 1600.