i don't trade gold yet but i want to apply some of my structure analysis here for i think this could be interesting. As you can see price is now testing a , that also lines up with the of the bigger daily leg.
On the bottom of the screen you can also see some divergence on the . At the moment price is also showing some rejection in a form of an candle.
Risk to reward is very nice.
If you are conservative you can wait for additional confirmation, like a break of the trendline.
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!