Gold's dominant trend is bearish. Also, the price is placed in a triangle, after a downward trend, which is a sign of continued price decline.
But in my opinion, before the USD news, the upper side of the triangle will be touched and after that, the price will decrease again and after breaking the triangle, it will reach the rectangle range. If the last candle is confirmed in the 4H timeframe, it will help to realize this idea.
this trade is very risky because it is possible to break the triangle and reach the rectangle without touching the upper side of the triangle.
But in my opinion, before the USD news, the upper side of the triangle will be touched and after that, the price will decrease again and after breaking the triangle, it will reach the rectangle range. If the last candle is confirmed in the 4H timeframe, it will help to realize this idea.
this trade is very risky because it is possible to break the triangle and reach the rectangle without touching the upper side of the triangle.
Trade closed manually:
closed at the entry