still under 1200...
Gold is now in EXTREMELY bearish territory. It can go down to 1153 from here especially with China market closed for their new year holiday for a whole week. Gold is going to tank big time next week like the October golden week holiday last year when China was also closed for one week.
The biggest problem now is that sentiment for gold has turned bearish. Bulls really tried but gold never picked up any real steam since Dec even when it's supposed to be a bullish month in general. IMG and other majors is not even responding to increase in POG anymore but very sensitive to any downward POG movement - all points to extremely negative sentiments for gold.