GOLD has bounced off it's daily trendlineXAU/USD Spot - GoldFX:XAUUSDPINEDIGGAGreetings, GOLD's price has bounced off it's daily trendline. In order to confirm the bounce and see a reversal it needs it's daily candle to close above 4436.42 ( the low bound of the inverse FVG). This is a plain and simple idea that could work if the reversal becomes valid BUT as we can see on the chart, there are several buy zones below this daily trendline. A 4H and a 1H order blocks are overlapping at 4362-4364 and 4336 so it wouldn't be surprised if gold touches those areas and either reverses towards 4600 or break the trendline, retest it and continue dumping. It's Monday so I would suggest to stay away from trading in the morning and see what the price will do until NY open. Have a great week!