It seems to me that GOLD is unable to break the Daily 200SMA (not shown above) and it's losing it's Bull momentum. It's gonna take a break probably to the recently broken Daily descending trendline which confluent with 61.8% Fibonacci retracement level before continuing the rally.
Comment:
Correction : *Weekly 200SMA
Comment:
I'm currently looking at 1199.70 for Potential reversal zone.
Trade active:
Hit Daily Descending Trendline and bounce.