5 impulsive wave struture is now going well within the downside channle,and is finishing the 5th wave or its extenstion.
According to the ratios among 3rd and 5th wave, the short term target shall be within 1271-1262 region.
Also, is above 25 level, shows a strong downside momentum of the price.
Another idea on Gold is also negative direction in larger timeframe, which are in line with my analysis on DXY , posts can be seen as below.
If the price successfully break 1260 during the first 3 days of the week, wait and expect a strong NFP data this week.