A reversal downward move can be seen. There is a possibility of breaking the previous low and then going to the -27 area before continuing an upward move.
An impulsive upward move can be seen on 1HR TF. wait for correction and look for opportunities
Possible upward move for short term in the consolidation before continuing to go down
classic correction i.e regular flat by the looks of the structure currently. long term going to the downside
already breaking the previous high and also there is a bullish divergence. look for sell setup for the next few weeks.
breaking the top trendline will indicate for an impulse move in the long run
probably going to the uptrend as there is no indication that it will continue going down but the structure looks like it still in correction.
potentially making a big drop as the structure looks like it is making a leading diagonal and maybe almost complete. bearish divergence can also be seen. trade with care
bearish divergence has not formed yet so high probability that gold will make a move up first before going down.
looks like it makes an ending diagonal @H4 so look for sell setup. trade with care.