Gold hit $1195 at the bottom of its uptrend channel this morning. It seems to be weakening within the uptrend and the trend itself is pretty shallow. It's a long way from the top of the recent little uptrend which would b at $1232.
The top of the now forgotten uptrend in force since November 2014 would be at about $1340, just short of the $1347 high of late Summer 2014.
Longer term there are several possibilities. This is a real turning point right now: