Possible double bottom formation within 4 weeks.
we should see $50 rally next week, followed by a retest of the bottom by mid-July.
Sentiment data has reached extreme bearish, this is typically what happen around gold bottoms.
IMO, that 1160 was the bottom for gold, can see a short covering rally in the near future post fomc.
near term support around 1180. In worst case scenario, 1160 may be re-tested.
We should see a short covering rally into year end.