Gold is around a support level with high bearish volume. The retracement seems not finished. If the bearish market continues, pay attention to the 0.5 and 0.618 fibonacci levels, they are always strong areas of inversion. If the price will break both those levels, the target would be around 1220.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.