At the present time, 1180 was a that became a resistance.
1150 and the neighborhood is a solid bellow which we may really go quickly towards 1140, 1120 and 1080.
On a macro economic point of view, there is no yet any reason for investor to go towards XAUUSd and diversify its investment, because there is no prospect yet of , nor any short term move on the . Therefore, Gold will be an interesting commodity to invest on when there will be at least one of the two reason on the table at a foreseeable future.
For those who shorted gold since 1800, of course, you can keep your position. For others, unless you are a day trader, it would be wise to wait and see the shape of XAUUSD and a stabilisation before entering a long position.
Enjoy your week-end