GLD up or down plan

OK, tell me if this makes sense. if it rejects off of the 317.60ish area i would trade back to the down side to $308.10 ish - 4.80 R/R. If it breaks out and retests I would be trading to 327 area. 4.5 R/R - Let me know what you see and your thoughts. i'll try to share what i did.