We think gold take retrenchment in fibonacci on 0.618 and in rsi, stoch oversold at the same time in daily chart time frame.
When you see in h4 chart you see the strong support 1227 hit with rsi oversold. In h4 chart "V" pattern also show, dollar also week condition. So when we combine all these things then we take decision gold take buy mode hit first 1240 then...
In weekly chart see gold form pattern formation then second things its RSI overbought and week end spin candle formation and when you show on stoch then both line meet so gold down trend start till 1255
see gold in up side move. why i am teleting these things because when you looking daily chart you see we have cypher pattern and rsi in also over sold so gold take upside till 1236. if gold break 1236 then its goes up