Nice idea on XAUUSD, I agree this may be a good opportunity to go long. I have identified a support level at 1188.382, which is similar to the support that you have highlighted. In addition, I have identified a higher support level at 1193.240, which is a horizontal swing low support, with a 61.8% Fibonacci extension and 76.4% Fibonacci retracement. I have also found a lower resistance level at 1202.453, which is a horizontal swing high resistance with a 61.8% Fibonacci retracement. This may be a level you want to keep a close eye on. Looking forward to see how things develop.
Please look at my idea and share with me what you think.