Gold 1 Hour - Long

Currently Gold is consolidating in a lower timeframe channel.

We can enter at the 0.5 fib which coincides with dynamic support and is in-line with
the most recent broken resistance come support.

There is potential to see Gold come down further towards the highlighted 0.764 Fib, and the most recent hourly Long-Legged Doji - a classic indication of market indecision, however the wick tops and bottoms reveal to us the upper and lower limit of the bull and bear dynamic.

Entering at the 0.764 is ideal for those who wish to minimise their stops, which should be set below the most recent low 2634. Targets should be set below the highlighted level 2688 to ensure capture.

Entering at the 0.5 Fib gives us a 1.75 RR
Entering at the 0.764 Fib gives us a 3.91 RR

（Source from: TV-By Who-Is-Caerus）