According to the expectations :
Gold apparently is correcting the impulsive wave i of the circle degree, in the three waves up correction – as wave ii (circled). And, a following third wave of the same degree will likely ahead…
Fibonacci targeting :
The expected target for extreme of the overall corrective sequence as the wave ii of circle degree, could be around the Fibonacci 0.618 retracement level at 1245. Also the wave ii (circled) will likely last until mid April, when is the Fibonacci 0.618 time ratio.