I see Gold to be very bullish in short-term period (few weeks). I suppose we could see 1480-1520 area here. This level is logical in both alternatives - Bullish or Bearish longterm perspective.
Pay attention that this trade is going to be very dangerous! Momentum now is below the Moving Average - that could mean that seriously drop (1100-1150) without some previous grow could not be excluded. Professional risk management is mandatory trading Gold now!
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I have seen great Bullish signal at 5 min. chart: 5 bars above the average + trigger. I personally believe it is beginning of shortterm (longterm?) growth now.
Not able to buy more because already is fully equipped. Good luck in trades. Be carefully.
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Stil believe in 1500 area. Prefer to see this fall as false breakthrought.
However, it is crazy short pressure, so not exclude 1100-1200 comes true. But I keep my faith in Gold. Will see soon.