Gold on the daily chart reached a good supply and demand zone. we saw a good price rejection around the 1297 zone. This a good reversal, or rather pull back indication. On the H4 chart we saw the market break the trend-line and creating a lower low, we are likely to see the market pull back to create a lower high. Should this happen, I will take on a short position.
Looking at a good 1:9 or 1:10 Risk to reward so this is a good trade.