XAUUSD is approaching Fibonacci support around 1300. On daily chart, DXY is currently showing a hidden divengence which would serve as a confirmation of medium-term downward trend. In accordance with such view, Stochastic oscillator on DXY is within overbought area.
Such a scenario seems to indicate the approaching opportunity for a LONG position on Gold, once Fibonacci support is tested. Target level could be at previous highs, around 1350 level.