Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bearish trading inside our orange channel, however, it is approaching a strong support area 1675 - 1700
Moreover, the lower orange trendline acts as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower orange trendline.
As per my trading style:
As GOLD approaches the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich