My preference: Long positions above 1180 with targets at 1200 & 1220 in extension.
Alternative scenario: Below 1180 look for further downside with 1160 & 1140 as targets.
Comment: We see that the gold try to finds yearly support in the area about 1180 and AB=CD pattern have been formed. Maybe this is a good opportunity to try a long position.
Alternative scenario: Below 1180 look for further downside with 1160 & 1140 as targets.
Comment: We see that the gold try to finds yearly support in the area about 1180 and AB=CD pattern have been formed. Maybe this is a good opportunity to try a long position.