Let get ready on long ideas XAUUSD

As you can see the price is falling aswering to fibonacci regression. So, as you know the market always is thinking how to reach stop loss on a big movement, so in others words, the road to achive a good trade is avoiding fakes ones and wait until price get the lowest or the highest price to take a decision. "Sell expensive, buy cheap". I suggest practice with analisys tools to create your own way to understand the information throughtout the charts.
The price where I placed the entry price in my idea, its because that is the lowest price of the last "long" movement. " 0.263