1124$ is a strong level for Gold -against that Gold looks to poke above 1400+ dollars in coming day. An impulsive leg got over at 1265 from 1124 & currently in a corrective sequence which could get support in the zone 1175-1180$ -once confirmed about the support- one can look for a bounce target of 1400$+ in coming days.
The recent rally from 1194 to 1235 looks very sharp & could be connecting b-wave for the wave 1265 to 1194.
Once it sustains below 1218-1220$ -likely moves to 1175-1180 where it will search for support & later this support could be used to take long positions for target 1400$+ in coming days.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ