GOLD is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes.
on H1: GOLD is forming a channel in red but it is not valid yet. So we will be waiting for a third swing to form around it then buy on its break upward.
Trigger => For the bulls to take over, we need a momentum candle close above the gray area.
Meanwhile, until the buy is activated, GOLD can still trade lower inside the support or even breaks it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
