Daily: Slow has been marching up, and more importantly is about to give a buy signal too.
4 Hrs: Price is "consolidating" within the Kumo Cloud, but this consolidation has a very strong momentum, the wave pattern shows bulls are more and more confident. Actually the price is about to break above the Kumo. This break can accelerate further and get more confirmation after in next wave price makes a break even above the horizontal 1315 resistence and 100 , in line with breaking above the daily Kumo too. In that case 1335-1340 price target will be in focus very soon.
Hold longs and the option Call spreads. Meanwhile move the trail the stop up to 1289-1290.
Yesterday I tried to catch it at 1290 for an intraday bounce, but I was not quick enough. Anyway I don't mind, as since then I have looked at it over and over, and both the price action and the indicators are very very confusing on the different time frames.
Looking at 1 Hr chart, it can not be a firm buy, until it closes above 1308-1310. But even then we have to check if a 1 Hr buy signal is in line with the higher time frames.
The sudden drop yesterday was really scary and messed things up on the charts. Just leave it for now until we have a more clear picture, when we can come up with a well established new idea.
If you really feel desperate to trade Gold, then try to trade my previous range idea, but with lower levels to buy, and with tight stops. Let's say 1292 - 1315 range, with 1285 stop.