Short to 1278.
There is sign of Gold's weakness because of dollar index. Dollar falls to midterm low 79 and Gold falls too. Ukraine is stil on top news, but there is not any sign of Russia's invasion in Ukraine. I think, that Russian dont want to occupy Ukraine and tesnsion will go down slowly.
I think that technically brent now is overheat and also the tension between West and Russia slowly goes down. Fundamental outlook says that oil supply is greater than demand, also we wait Iran's comeback to the market in June.
The first goal is 106, then lets see....
Now its good opportunity to buy dollar vs euro or some EM -currencies. Its also possible that dollar can go down to 78.2 - 78, but for middle term investors it isnt a big problem. Just buy it and wait.