Hi friend. I start my intraday trading from this idea. Now we see small bullish impuls from support 2320 and our trading day started from this. Market process that cause growth - its bears distribution over.
Trading rules of my strategy (its my own trading you can use it for your risk only):
1) Every update will start with tendention vector i will mark for you - bullish trend or bears.
2) We will follow and try to catch exactly this trend.
3) Every update i mark entry price (if you was busy e.t.c and seen my idea some time after its update:
a) if update tendention was bullish and price = entry price or lower you can entry;
b) if tendention was bearish and price you catch was like entry price or higher - you can entry; c) another situation you waiting next update (if dont have any open position).
And ofcourse if ill be busy e.t.c i will close trading and update: trading closed.
Also remember that GOLD market like another exchange types its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.