Gold technical analysis

We have seen Gold respecting all my setup confluences I have been expecting. Gold has broken out of a bull trend and tested the trendline, now we are looking for more entries short on this pair. currently, according to Elliott wave principle we are consolidating and have tapped C point and left an engulfing candlestick on a channel line on a 1hour chart. Now when the market opens we look for entries on a 1hour chart exercising a good risk-reward ratio either at current price level or after price breaking out of the channel.