In this chart. there is three triangles. Which are function of the Fibonacci levels.
And also. Two possible wave of Hurst.
Blue Wave is possibility of to form. Is weak
But more likely there will be a red wave.
Maybe this week will be to increase the resistance of 1200 and 1214.
But then will fall to 1161.
I like how you switch your cycles to fit your bias. Very bad idea imho. Price action, the dollar and seasonality are king here. There is absolutely zero chance a rally will come in the summer months. So where does that put the price of gold? Down to sideways until Sep.