Gold has made a new low at 1053(lowest level since 2010) and started to recover from that level. A breaks above 1078 could expose the next resistance level around 1100-1105
Watching the indicators, RSI and Stoch escaped the oversold zone in Daily charts, so a jump till 1100-1105 is possible.
Plan: Wait a sell signal around 1100-1105
Stop Loss: at 1120 // Take Profit: at 1040