Simple H4 Break And Retest

On the H4 we can clearly see that XAU/USD has fallen to a new lower low. We are currently retesting the resistance from our previous low and zooming in to the H1 chart we can see that there are currently 5 rejection wicks indicating a likely continuation to the downside.

ENTRY - 1512
SL - 1530
TP - 1450
RR - 2.3:1