Gold has made its correctionback to FIBO 382 on weekly chart.This is a weekly bear evening star signal that we could now ignore.
The daily red channel seems possible.Price could rally up to B. But still need 2 more days to confirm.Now only a question where B could B. Once B is confirmed on the middle line of the channel, gold only need to step to test 1140 later. Step1: rest 1160, Step2: break down through 1160 to test 1140 as a new bottom.
btw, i suspect oil will bottom this week. happy trading~