Gold: Possible Reversal from 1450.00 Support. How to Trade?

The price bounced from 1450.00 support level. The bullish candle confirms it, and probably we will be able to get a buy signal from the lower timeframes. But it will be a risky trade.

In spite of the solid support and bullish signals from MACD histogram and lines, DMI shows the strength of sellers. If the market tries to move below this support zone, don't be surprised. The breakout below the support will confirm the further falling. That's why if we open long trades, we must use stop orders below this support.

Why do we need to use the lower timeframe for buying?
If you look at the daily chart, the market is in a bearish trend. Yes, it is far from the downtrend line, and it can start a correction movement at any time. But the lower timeframes will allow us to find a better entry level and make the stop size less. At the same time, we will be able to increase the room for the upward movement. It will make the risk-reward ratio better, and the risky long trade will make sense.