Weekly chart Gold has obtained a buy signal when fib 38.2 level 1376 went broken.
Every deeper pullback above 1376 is a long opportunity.
First Target is at fib 61.8 around 1580. While at this zone a deeper correction can be expected
Risk 1 to Reward 3
Stoploss if price turn lower and " stay" below 1360
The gold is in a distribution phase and is loading for a new wave up.
Trigger signal occurs when 1214 been broken and i will go long at following retracement/dipp
Target 1 1240
Target 2 1289
Target 3 1340
If 1160 broken = Bullish scenario above invalid