Gold H1 outlook | Intraday setup

Jan 3

XAUUSD The price didn't reach our zone on Friday and dropped from 1972 but yesterday it reached there and dropped almost 220 pips🎯.
Gold is making lower lows after respecting 2088 resistance. Currently it is trading in between two trendlines making a traingle pattern. I'm expecting a fall after testing upper trendline and break of lower trendline. I'll go short if price reach 2070 with target of 2050/2040 📉

• R1 2072
  
• R2 2078
  
• R3 2088
  
• S1 2055
  
• S2 2047
  
• S3 2038
  

What do you think friends? Share your view in comment section 👇

Jan 4

Trade closed: target reached

+350 pips