Gold is still in consolidation mode, he broke its previous range with a top at 1274$ where a has been completed at $1272 and the target of the broken range has been fulfilled (1250/1262 range = 12$ -> 1262+12 = 1274$)
Now, in a daily view, gold is printing a with a clean pullback on the previous channel.
Daily has took a breath and the momentum is now in bear mode.
I'm expecting, at least, a test of the lower boundary of the flag. If price breaks the flag, i will target 1210$ a strong support and 1171$ the goal of the .
Invalidation : daily close above the flag / in the previous channel.
Even if my final target is 1170 (1166 exactly), i'm working on another configuration with a bullish leg first before a drop to this area.
I will publish this view on saturday if i have time (take a look at @faylee profile, get inspired by her last idea)