The next 3% dictate the market. Up or Down.
It is not dead yet, it could jump still but if trades decisively through 1170, it would be ugly.
Above 1250, it could rally hard.
The move today was eurusd driven.
I see eurusd move down floored at 1.06 for the the next few weeks.
The move is also coupled with some correction hints on SP500 which could end up supporting Gold .
Again, there is no way to know here for sure, it is just very pivotal.