Prediction

I might be wrong but my prediction is here. Too bad I can't enter buy position. I will be out of city without internet. It seems 1240 is another great support zone. 

Happy

Why I'm happy? Cause I don't trading. Trading is stressful job. Two good trades per month is perfect for me. Over trading will kill your balance quickly and you'll get nervous when you see the market too closely. 

8 hours slow stochastics

Monthly, weekly, daily slow stochastics still down. 8 hours of slow stochastics overbought and ready point down. Maybe this time gold will fall below 1280.

1300 resistance

Now 1300 is resistance. The question is can 1200 hold this time. If not things will get ugly. 

Waterfall

Monthly and weekly slow stochastics are pointing down. Looks like another waterfall is coming.

What really happened?

Here's what happened. I gave too much credit for weekly and daily indicators. When I made bullish calls monthly stochastics was already crossed and pointing down. I know I don't have to ignore the monthly slow stochastics. It's really good indicator. Glad I ended up with small loss. It was truly a noob mistake by me. 

Gold bounced from 23% area.

Daily stochastics rising.

Monthly MACD is ready to cross and rise.