If you see my old posts, you'll realize that i have been expecting the gold price to go up at least to 1154. The strategy is to BUY from a LOW and i believe that the previous month's low will be broken only after a high ZZ is formed. A high ZZ is already formed in H4, hence, there is always a possibility of the prices going down after that, but i see it only as a secondary possibility. I still believe that the prices are going up to create a high ZZ in D1 time frame. It could take two weeks for this to happen.
First possibility
Second Possibility
