Let me explain what the chart says;
From 1180 t0 1433, fans and fibo retracement shows 1306-1313 will push up as happens many times before. That's why, on friday it closed over 4/1.
If gold pull down fans 4/1 and fibo %50, it will go to neckline 1270 ( this time 1285 or 1293 which support many times can not be against the strong formation ). When 1270 happens, formation will starts with 150 points pull down and also it makes double deep.
I am not sure market wants double deep.
Thus, market should protect gold agains formation for a while. ( at least the formation get lost).
In my previous chart, there is misunderstood about the situation. I have to admit that drawing had a littl fault. Before 1270, gold should go up, it is my opinion.
Anyway, fisrt pish up could e 1323 but not happened. If gold keeps itself above 1350, the targets and axplanations are listed:
1- 1350 which is a resistance, coming from past, will be seen in two days.
2- Then, may be a small retrace to 1338-1344.
3- If it achieves keeping above 1350, both 3/1, fibo %23.6 and upper arm will be seen next week ( 1370-1380)
4- At this point, it can be given back %50 of the 1305-137x movement, dont wory 70 still not seen.
5- Then, it is time to break fibo %23.6 and welcome to 1400.
6- It is possible to test support again but then fly cont. to %100 finally.