1H time frame have the most confirmation, 4H is a bit early to tell I know but I would like to have a conservative time frame with this one. WT show reversal and ADX confirmed that, bull option 1 month out.
Weak dollar, strong gold, with the stimulus is sending out and another bigger check is getting ready, I don't think there is better reason for gold to go bearish in 2 3 months
Consider this as falling wedge, we're trading break out as usual, TP1: 180-181 zone, TP2: old ATH.
If you follow me for a while, you know I like to play triangle patterns and somehow familiar with it. This one is also pretty easy to notice, however target is being blocked by the trendline resistance, be patient for entry 15 30 days play.