I combined both H&S pattern with EW analysis. On EW side we see the 1st impulse down and now we are in a pullback ABC. The C wave is pending. It is probably the initial move down in gold within a huge drop down at least we could see 1200 again and it depends on what structure would unfold then.
Pattern is simple and we should watch the breakdown of the Neckline. Target is at 1409.