In the 1-hour timeframe, gold exhibited a bullish trend but reversed sharply by over 1000 pips, forming a rising wedge pattern, indicative of potential downside. Trading the breakout, we entered a selling position, capitalizing on the bearish momentum. Subsequently, as price completed a 78% retracement and touched the ascending trendline, accompanied by bullish price action, we transitioned to a buying position, anticipating a reversal in the trend.