Key moment. End of contraction.

XAUUSD

The price fails to establish a new high for the current expansion, this expansion is actually a contraction last bearish movement. Thus:

We can expect a further expansion down if the price breaks the point A.

If the price rebounds from point A we can expect an upward movement to the point X (The top of the dynamic range).

If the price breaks point A, it sure got at least to point B.

If the price keeps a good bass player can take the first speed benefits at point B, the second at point C and the third at point D.

This moment is key.

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