XAUUSD 01/04/2020

I see Gold potentially rising to 1603.800 area as that will be a 50% fib retracement as well as a ABCD formation beginning we will then see how it reacts at that area and if we see a rejection/multiple exhaustion candles on the descending trend line we can expect a sell off to around 1531.243 area. This is just my personal opinion please let me know what you all think. Thanks