Gold is in a nice spot to figure out where it wants to go

In monthly chart, long term position. For now its still in a IV wave correction, but looking good in the long term. If it pops to the upside breaking the resistance line @1256usd, the next objective to look for would be 1387usd. Again, this is not trading advise, just MACRO analysis. For now, you should hold a neutral (outside mkt).