Gold is trying to trick a lot of retail that it's ready to go down since it has too many rejections from the top. But it's seems not ready as well to go down since Market structure is not broken for the bullish trend on HTF. It seems just collecting orders for now.. So, I believe this will still have more room for the upside.
If we're wrong, it's fine since the risk reward ratio for this trade is also at 7R... So, it's worth the risk...