Commentary of the XAU/USD parity:
The break out of the support at 1100 is validated, giving us a sell signal. This level should now act as resistance. Currently, the price is testing the support at 1090. A break out of this level will allow the price to test the next support at 1080. As far as the price is below 1100, we will advise to trade only short positions. However, a return above 1100 will offer a buy signal.