We got here an interesting set up for the Gold. The pair has been making HH and HL for the past months, but now is making LH, forming an ascending triangle pattern, but it hasn't the strong enough to make a LL, supporting on the Monthly PRZ, the 50% FIB level, and reaching the top of the triangle. So right now we got two different scenarios:
1. We can go Long if a 4H candle close above the triangle pattern (1510)
2. If the price bounce on the top of the triangle and we got a close of a 4H candle below the line, we can look for a corrective structure on a lower timeframe to go Short.
1. We can go Long if a 4H candle close above the triangle pattern (1510)
2. If the price bounce on the top of the triangle and we got a close of a 4H candle below the line, we can look for a corrective structure on a lower timeframe to go Short.