Gold going to 1168 - Week, 1500 - Year, 500 - later

Have been expecting the formation of a 'W' zz formation in H4, but didn't expect the price to come to the current level. Probably the W looks more like a W at this price level. If the price goes below the previous week's low, then it is going to be a free fall for the next few weeks. But for now, would like to expect the formation of W in H4, hoping that 1118 will provide a strong support. Once the price goes below 1101, then it is a confirmed SELL trend.