Having looked at price charts (mostly bar but some candlestick) for 40 years, this looks like a spike low to me. The extended uptrendline from the December 2015 low should provide stiff resistance, approximately 1250 – 1260.

How significant a low remains to be seen. Ross gave some interesting probable upside targets IF 1219 is taken out on a closing basis. (I think that equates to about 1221.40 basis December Comex.) I recall his targets in that eventuality were 1248 and possibly 1262. It’s just too early for this as of now.

The 2 pages below are taken from a report that was sent to me last Friday, August 17th. It’s worth a look.

https://goldtadise.com/wp-content/uploads/2018/08/The-US-Dollar-and-Gold-08-17-18.pdf