Since March 18 2014, FX:XAUUSD is experiencing a down trend corrective structure, and still in this trend. Since May 05 2015, XAUUSD is going to complete a Cypher Pattern. Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190.
Now the price is around 1155 (50% level of Fibonacci, XA) Buy at 1170 ((61.8% level of Fibonacci, XA)) TP: 1190 (76.4% level of Fibonacci, XA) SL: 1150
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Although US Dollar Index deceased, XAUUSD has increased for around $20.
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Correction the last comment.: Although US Dollar Index increased on last Friday (5th Feb), XAUUSD still grew for around $20. XAUUSD has kept a bull trend, and moved a step to complete the Cypher Pattern.