XAUUSD: The Precious metal continue its path towards 1120

Gold is still on the downside of the story. There isn't yet any hope that the precious metal will go on the upside because there is no buyers yet, nor any macro economic condition in favor of that reversal.
Having said that, the next level to watch is 1140 and bellow it is a very quick move towards 1120 and 1080.
Let's wait and see. The end target before an eventual reversal may be 1060 or 1040 but it is too early to predict yet