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XAU/USD (GOLD) targeting 1178$

Gold is unable to close above 1200$ , unable to keep any gains . now trading at 1193$ , yesterdays low was 1187$ , it has more room to 1178$ before it can rebound again. .
Any break below 1178$ , will open the road for the breaking the famous 1160$ and increase the probability of breaking below 1000$ ..

Key level here 1160$ ...if broken , gold will definitely get below 1000$ in few weeks.

1178$ is the last defense line before 1160$ .

Next resistance 1196$ , if broken , we will definitely regain bullish stance.

My recommendation is selling at current level 1193$

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