Macro economic datas are confirming this reversal as well as the charts.
On the mcro economic side, there is not yet any sign of proper , nor a will from the US administration and FEd in particular to increase its interestrate. Monetary easing will continue on the US side as well as on the European side with EC lauching effectively its on March 6th .
The Greek risk has been contained for the next 4 months, and deflation is still on the agenda.
There is no risk of in big economies, i.e UK, Japan, EU, Eurozone, US.
Therefore XAUUSd may very much go again totest for sure 1180 and even bellow, until 1060-1080. You can read the level in my previous studies. Therefore for those who are willing to go long with XAUUSd , you still have to wait a little bit.