Price action forming an inverted having broken out from the neckline. Could see a possible retest to the or 'BUY ZONE' near 1230 - 1220. If support holds, expect a rally towards 1300 and a bit more.
Not recommending a trade right away, but rather wait and see how price action shapes up near the 'Buy Zone'
I'd be cautious even if price spikes down to 1189/90 levels. Looking for a clean confirmation
Weekly Gold charts is turning and it gives a much nicer price point to enter. Somewhere between 1221 - 1202 levels. (Chart here: https://www.tradingview.com/x/7L9rvotN/)