Gold--going sharply lower over the coming days/weeks?

On the 21st July i posted crunch time for precious metals
Now it looks as though we will see price make a retracement of upto 50% maybe to 1175 area after the recent 25 $ fall before we head lower slowly towards the CL of the downsloping ML set ( not shown here) using obvious pivots (1265 on 21 June/1044 feb 5/1226 3 dec). Objective about $1080.00