XAU At A Critical Spot

The XAU index closed on it's lows today down almost 2%. This is a critical spot in my opinion because the index is on it's 50 day moving average which also coincides with the .618% retracement. This pullback (points C to D) is also almost exactly the same magnitude as pullback A to B which was about 11.50 dollars. I'd like to see a reversal off this level before I do any buying but if the index goes through this level, the XAU will most likely go down and test the 131 area. I'll let the market tell me which way it wants to go but this is a big spot for the index...