Maybe the possibility of making head and shoulder pattern. use proper risk management.
AJ may be a chance to make an inverted head and shoulder pattern or if it break the support zone (yellow box), then go for a short. wait for that point.
Before going up, may be a retracement will happen. that means second chance for buy.
Looking for a short. UJ making LH and LL , also making new downtrend
Gold breaks the trend line. so it will go long for future. looking for a retracement for buying opportunity.
Still gold is in downtrend, wait to break strong support level. if it breaks, then it will go for big short (sell off). In 1H chart, Gold is already makes a head and shoulder pattern. so hope for a sell mode
Possible to make a inverted head and shoulder pattern, if it so, then looking for long (buy).
Possible to make a double top pattern. If it so, then looking only for shorts (sell).
Waiting to break either resistance or support area. now gold is in range
IF GOLD WILL BREAK THE STRONG RESISTANCE AND DOWN TREND LINE, THEN ONLY LOOKING FOR A STRONG BUY SIGNAL
IF DOLLAR INDEX GOING DOWN, THEN USD JPY ALSO SHOW SAME FACE AND GOLD WILL BE IN UP TREND OR IN RANGE