Gold is still moving in the daily pivot area and is seen forming a daily downtrend channel. If the price cannot move down pivot, the chances for the price to move back bullish and there is a chance for a channel break. However, if the price breaks down the pivot then the chance is to continue the downtrend channel formed.
First option: -Open short positions if the price breaks down the pivot -TP at the first daily support -SL on the previous pivot or swing high -Wait for confirmation to open a position
Second option: -Open long positions if the price is unable to break out of the channel in the second daily support area -TP at the first daily support -SL at the second daily support or previous swing low -Wait for confirmation before opening a position