If you use 1440 as the top and 1280 as the bottom, that's healthy 40% correction and we are left with a clear bull flag formation. 1380 was a major long term resistance, now its acting as strong support. Its very unlikely to go below 1380. If you look at the fundamentals, it also looking really good for gold: Trade War, US/Iran tensions, Fed rate cuts (suggesting imminent recession) etc.