Gold has reached the critical point, down or up? The Down ABCD and Up ABCD both are possible. The triangle is forming. Breakup might mean down, breakdown might mean up. Let's watch the price action around the yellow circle.
The 1254 area is really a fight and it will become the top for a time. When pullback to 125x area, continues to short to 113x area. Maybe after this, U.S. will buy a lot of gold, gold will soar up again.
Long from current price, TP1 1235 TP2 1254.
Short from 125x, TP1 1162, TP2 1133