Post(ish)-Iran related peak and retrace LONG XAUUSD [GOLD]

Lots of recent instability due to Iran tensions. We had our peak in the 1600s, we've had our main retrace, wether bottom is 1555 is unknown yet, but will not deviate from than any more than 10-15 pips. But with risk management, long is available.

What do you think of the idea?