Why? 5 reasons
1. Bullish wolfe potential
2. Support tested 4x
3. Last 1H bullish engulfing candle
4. Good R/R
5. Contrarian trade, lots of people are bearish gold now
Final confirmation is a good close above daily pivot. Watch the candles.
1705 holds and I believe a test higher needed before a major move.
Always have a solid plan when to enter a trade. Dont follow people or execute a trade blindly. Set your own TP and trailing stop.