After the 1240 low it seems that Gold has already completed the first Impulse and is currently in a Flat Correction to complete the Wave 2.
This pattern is to be analyzed closely as after the completion of Wave 2 there will be a very good trading opportunity, given that this count plays out as expected.
A break directly above the R1 level from here will mean that the Wave 2 completed where I have marked as Wave a of 2 however that is less likely.