according to my elliott wave analysis an impulse wave have started from beginning of 2016 in gold price. wave 1 and 2 completed and XAUUSD is in wave 3. i considered 15 aug 2018 low as wave 2 of wave 3. if this count is correct, Gold is in the wave 4 of wave 3. if gold goes below 1370 level both intermediate and primary degrees wave count will invalidated. so if gold drops to these levels it would be a great opportunity to buy and put a stop loss order below the region that wave 4 intersects with wave 1. it is interesting situation in which below 1370 level, 2 wave count of 2 different degree will be invalidated and also this level was a strong resistance in past 2000 days! so may be gold will pullback to these level and we will long this market so crazy. try to trade different markets. stay tuned