After completing an impulse and correction on the daily chart
, I expect this pair to make another impulse and create a lower low. Considering that the pair is currently inside a resistance area
with strong market structure and Fibonacci confluence
, it is a good time to monitor price action development on lower time frames to find a good entry. A good swing target would be the 127.2% fib extension of the daily retracement.
It is very important to be patient and careful with gold
, it can be mercilessly manipulated