Based on last 3 dips to backtest last level and to proceed to next level, average recovery and moving forward time is 25 bars on 2Hr (4 days). That times 1210 on 16th or 17th January 2017. Good luck
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Below 1190 is invalidation. EOD entry may also be valid today or next week's start.
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Also eyed would be 1220-25 which turns $Gold bullish on the Monthly/ reversal.