Gold Inside Day Signal - Backside of the Month Reversal IdeaGoldOANDA:XAUUSDKarimaoudeGold gave us an inside day on Monday (opening range). Price is hovering over last week's low of the week. If an opportunity presents during the NYSE open (9:30 AM EST), we'll look for a quick move towards the low that breaks both yesterday's LOD (Inside low) at 4668 and last week's low at 4658, triggering short sellers and breakout traders in the process. From there, our best trade setup BTS would be a quick rebound and close above the 20 EMA on the 1 or 5 minute timeframe for a reversal long towards yesterday's inside day high as TP1 (4730). Depending on our entry, our stop can be below the most recent low when price closes above the 20EMA. Our second favorable setup after squeezing both lows would be a continuation trend, inline with the backside of the month (week 4). Method of entry would only be if price breaks and closes below 4668 with an entry on the rejection of the 20EMA on the same 1 or 5 minute timeframe.