possible Gold trade

see yesterdays charts
If you missed out on yesterdays spike and believe that Gold has a upside future then here is a potential entry. IF we see a shallow retracement of between .236 and .382 then it looks good anything deeper then that -say .5 or .618 would worry me and i would stand aside.
We have structure bang on 1700 in the form of a long term ML plus a reaction line. Under this is another horizontal reaction and yet another M-line at 1690 and 1691 respectively. All of these are previously tested and shown to be of good value. For me i usually use either 2.5$ stop which just isnt adequate for this type of trade as there are too many unknowns as eyt but it would be better and cheaper to pick the first retracement of an uptrend rather than try to pick the bottom, so no limit buy order yet. Watch the candles and a break above the downsloping reaction lines seen in the 5 min chart above and a 15 min bar close with a second higher bar above this down sloping RL would indicate an possible entry as well.