XAUUSD has an inside day after an important shooting star, if it's able to break to the upside, it means the uptrend remains intact.
While there will be a bearish Gartley pattern in 4hr chart with a potential short entry @ 1297, so even if if it's able to break to the upside,
to long this inside day means we can only get the 1:1 1st kick above 1300 level, which is not really a good idea.
On the other hand, if it's able to break to the downside, it can easily break 1280 as the short selling continuation, and I think it's a better trade as the 21ema is still @ 1273,
so we can put the 1st kick bid around 1273 to play the price correction, although it's still less than 1:1, we can turn to smaller time frame to look for a better entry and better out.
While there will be a bearish Gartley pattern in 4hr chart with a potential short entry @ 1297, so even if if it's able to break to the upside,
to long this inside day means we can only get the 1:1 1st kick above 1300 level, which is not really a good idea.
On the other hand, if it's able to break to the downside, it can easily break 1280 as the short selling continuation, and I think it's a better trade as the 21ema is still @ 1273,
so we can put the 1st kick bid around 1273 to play the price correction, although it's still less than 1:1, we can turn to smaller time frame to look for a better entry and better out.