In spite of the recent weak news on USD and the fundamental expectation for probable Gold rise, the technical analyses are still bearish.
We have upper trend line of Andrew’s pitchfork which works as a strong resistance but it did not have enough pressure to throw price toward the median line. Bearish trend started in late January and is continuing its pressure as we see a nice retrace in 50% level of Fibo. For the confirmation the bearish trend needs breaking versatile line in and also punching strong resistance around 1181 (Res. 1) and maybe next one around 1171 (Res. 2)

For buyers we should just say that it is a hard job to decide about any confirmed trend reversal yet.