After bouncing off the 1122 Levels, XAUUSD (GOLD) started the Up-Trend. So far we have the 1st Impulsive Intermediate Wave, which is coming to an end soon. 2nd Corrective Wave (ABC Structure) will most likely commence very soon. Great confirmation would be a Bearish Divergence at the end of the 5th Minor Wave.
Conservative Entry - 1230 or 1240 Aggressive Entry - 1220