So what kind of a situation do we have on gold? Previously we seen price break the support on both weekly, daily and four hour time frames aggressively, from that perspective, after a break out mostly price tends to retest the support turning it into a support. therefore I am speculating for a long position towards the previous support, and then watch price action...
Eurnzd, H4, the price is at a critical area, watch for price action, if the price fails to break to the upper side look for a nice shorting opportunity . if the price breaks out, wait for a retest and look for a nice shorting opportunity. let me know what you think about my analysis in the comment section below.