@jm_gegar, On the Longer time frame (Daily Time Frame) Gold is in a downward trend. It retraced upwards on the hourly time frame but it is finding it difficult to move beyond 23.6 Fib retracement level. This pair could retrace further up to the 38.2 Fib level but I am anticipating a close below this 38.2 level and then a drop. However, if 1H candle closes beyond this 38.2 level, then the down trend trade becomes invalid