GOLD stop near the re0.618, stop creating a new low point, The price action tell us that the short power is weaker and weaker, Now what we should do is don't try to any short action but fine a chance to long it,
1H chart show me 1170 level is a good position to long XAUUSD. We set SL at below 1156,target at 1225 level.
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1H chart give us a good chance to long.
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The structure is work,if you are the short-term trader,please set your target at 1177-1179 first.
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1H chart structure is broke,two point:
1,close your long trade if you are the short-term trader,and find another chance to long again;
2,If you are the long-term trader,please hold your long trade,and set SL below 1157.