Following the above issues, XAUUSD continues to be under pressure.  On the daily, 4-Hour, and 1-Hour Charts, XAUUSD has maintained a descending channel. Once the support at 1713 zone is broken, the next area of concern will be around 1699. 369 and finally 1684.41. The first support represents a 78.6% Fibonacci which after being neutralized will open more opportunity for downward. However, in the coming hours before the New York session opens, there is a potential that a fake bullish momentum might be experienced that will reach to the area around 1736.40 (23.6% Fibonacci). The move does not mean that a bullish trend is activated, rather it will act as an opportunity to catch stop losses while holding retail traders’ hostage for the next few days, if not weeks. Overall, a predictive projection of 100% Fibonacci will be satisfied once we go below 1791.