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 interest rate. 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