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long position
GOLD
, 60
Long
GOLD: long position

Regarding 4H timeframe, the gold can increase so by finding an HD in 1H or 30 Min time frame the position can be activated. the Tp and the Sl are shown.

Short position
GOLD
, 60
Short
GOLD: Short position

This position is lees risky when the double top will be visible and confirmed at low timeframe.

Long position
GOLD
, 240
Long
GOLD: Long position
Updated 

The second scenario will occur if the last wave 2 or B is not broken

Gold for short time
GOLD
, 240
Short
GOLD: Gold for short time

Sell position for short term due to elliot wave which is described in the chart

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