Gold 4H chart potential Double Bottom

This is a 4H chart on Gold

- Recently the price encountered a strong support range and started producing rejections

-In the process the price has been forming a potential double bottom

There are 2 ways in which this pattern can be played with a Long position:

1.) Wait for the price to close above the neckline of the Double bottom ( green line )

2.) Wait for the price to close above the Red line and possibly above the 200 EMA (Green). This is a more agressive entry but can bring a higher RRR

-MACD crossing above the Zero line can be taken as an extra confluence