Looking for gold to come down to 1278 region to double bottom on the 1HR, simultaneously tapping the major daily uptrend line.
Adding the confirmation that the DXY is starting to trend down this year. potential 100 pip move this week.
I expect the USD to bring price back up to supply zone then give a good retracement 400-800 pips (which is average daily movement for this pair. I even added a swing TP of 1400 pips. I use 150 pip SL on USEK trades and rely on good risk-reward. SL is above recent wicks on 4H.
