Gold has reached a potential price for reversal when hitting 1170$.
But for at least 2 reasons, i think it could drop more until end of december with $1095 as target ( )
Reason #1 : Timing
Fibonacci and timing for reversal are located on 19<>22 december
Reason #2 : Dollar Index
Opened short at $1205.
This idea is widely inspired by this previous one.