You gonna be trap... 1300 is new support for now... Gold is highly bullish in ply... Short can an occur about 10-20$... After tht all the ways up to 1400 1500... High chance the fed not rate hike of this year... Helicopter money on its ways
that would probably be the case if a cycle inversion would have not been violated by the Brexit event. Now that has been violated it is very hard to make a case for a healthy bull market which are usually after a severe clean up of bulls.
it seems that the last run in gold occurred with a cycle inversion pulling a lot of energy in the upside and sucking bulls in. This might last till the end of the month and then the 990 level will become likely