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GOLD- Which one?

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
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FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Wave Analysis Chart Patterns
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trendanalysis waveanalysis chartpattern
Looking at GOLD chart I can see two confluence levels. As we expect more dollar strength before the end of the year it is possible that we reach the lower support level at 50% and 78% confluence 1240. If not then I am expecting 1260 to be long term support.

All the best!
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