OANDA:XAUUSD   Gold Spot / U.S. Dollar
after the price crossed the lower line of our channel, we clearly see that pullback is doing its best. considering the daily timeframe with a very strong solid red candle, we should have our eyes on the chart to get a candlestick formation as confirmation to enter a short position if everything goes well.
the second scenario is shown by the dashed arrow.
The best confirmation TF would be the 1H TF.

Goodluck...
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