First time since mid of march that gold is touching the lower Bollinger Band . Gold is short-term oversold and ready for a bounce that could take it back to $1,260.
Overall the correction towards $1,180 - $1,215 likely will become a lengthy back & forth battle. Just be patient. The weekly chart is still far from being oversold.
Buy the dip between $1,180 - $1,215 and not before !!