Price might be playing around so if it does, a possible head and shoulders could be forming before the big drop.
Price to go bullish to point C, if it breaks, then possible more all the way to 120.518. And yes, I love harmonic patterns lol.
Buy at point D, sell at point C - but also with gold you must keep in mind that other factors plays a role in it's movement.
Harmonic pattern (my current favourite stratergy) gives a much more confirmation that this will go bearish to 1.69069 and then bullish all the way.
Price to go bearish a bit more and then to go bullish. This is what I see, correct me if I'm wrong :)