As of today, gold does not make a bold move. The previous 15-minute timeframe range was not violated and is still bullish in my eyes. I did not take any orders because the price past the equilibrium going to the premium price. ill wait for the news to pop and scalp a little.
On the Daily TF, the price action indicates to go south. Last week broke the Daily swing low at 1680.41 and does not create a new Lower Low so this means it has a high percentage of going down. As long as there is no change of character forming at the 4H TF then we go to the bottom
On the 4H TF, we are currently below 38.20 % of the Fibonacci Retracement Tool so it's better to look for buying opportunities than selling. There is a big possibility to reach the 78.60 % level of the Fib as there lies a lot of Order blocks to fill the order and violate the 4H swing low which is 1654.25
After a solid bear run, last week broke the daily swing low at 1680.88 but does not end there as the market target is below 1555. Now, it forms a change of character at the 15Minute TF to initiate the upside movement reaching at least 50% of the 4H swing in order to go lower. I did catch the rocket entering at 1664-1662 targeting 1682.