Gold Bull Move, with Short Scenario

Gold in an upward channel. Measured move out of the consolidation would take us to top of the channel. So for this trade better to get entries as close as you can to lower trendline - then your risk is reduced as you're entering closer to a stop level.

Alternative scenario - if the upward trend breaks, then look for shorts from close to the rising trendline - could comfortably drop to 1260 even within the bullish trend since 2016.