is showing strong and the price action already has started last Friday. I would assume the continuation of this reversal. Even though I don't think we will break the in the next try, it also seems improbable that we will be seeing the Gold prices this low in short-midterm.
Here is the weekly chart:
The breakout from the downwards seems sofar to be a fake breakout because the is not confirming the price action.
I buy physical gold for long term and don't have any stop losses for my trade but if you are trading , I'd set 114 as stop loss and sell around 130 if breakout doesn't work.