On daily chart of Gold we can see that the metal in more broad lookout moves in potential growth channel. Potential, because the upper edge is based on two highs but the bottom on only one and the growth channel will become a fact if now Gold will rebound. The price is currently testing line connecting last two lows, so there is a hope for at least a corrective reflection.
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On chart H1 we have already breached the downward trend line. It seems that the correction in the nearest hours should develop. However, for stronger rebound, breaking of resistance will be needed at 1225.00, which is the last high of the trend. Then space will open at least to 1235.50.
