So we've done our higher time analysis.
To keep it simple, I know gold is very and I want to find several zones where I can enter for a continued move to the downside.
Again keeping it simple i've shown two areas we can look to hop onto the trade. Both setups have a good or awesome risk to reward.
Structure Based setup where price action has created a new low and finds short term relief rally back up to a previous structure level. Targets should be several pips above/below structure when buying or selling.
We can use alot more than what i've shown here to identify entries, stops and targets.
Hope this helps.
Structure based setup but we also have an advacned where we can look to enter at market or limit at the 78.6% of the retracement.