1289.40 will be the highest price i will pay to sell some gold. 1300 is identified as Major resistance level which i find reasonable for a stop loss placement (few pips above). Good luck!
Here is a counter trend trade with an anticipated upcoming leg. Trade Safe
1:2 Risk reward, High probability setup! . Always care about Risk Management :)
Trade with care!
I see a potential Long, with a possible little downside move to test the Trendline. All risks are include into the blue rectangle. Reward will worth more than :2 then! Trade Safe
So hard to see formations and real levels on lower TF. Let see how this turns up Happy Trading!!!