We've been watching gold very closely the last couple weeks. Until now the price was just ranging and we are at a do-or-die level. If the channel support holds, we can expect the target to be hit easily.
According to us this pair is a confirmed uptrend daily channel , within we can see the price is rejected multiple times to head lower. Inside this channel we can see a linear resistance, once this is broken it will be a freight train to the upside. Breaking up this linear resistance is a confirmation for safe traders. If you don't mind taking risk, longing here could pay off for you, with the given SL.