Gold Monthly support & fibo levels @ 1211 & 1172
If somebody has a long-term view on gold can *accumulate between these levels* Weekly RSI oversold (below 30)
If gold is in bull market, unlikely to break 1172. But keep some money to buy around 1120-1140.
Target open :-) (Minimum 1250 short term)
Every one will initiate shorts around this level 60 to 62..
So please be extra cautious if biggies run out all short stops @62.5
Other wise good to enter the short set up as the weekly RSI is turning oversold