Kumowizard

Gold - Correction is in progress

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
3
Not much comment, the move has started finally. The pattern looks pretty much the same as in WTI (pls see below)

The main question is will it break above 1180, and will 1200 stop the counter move?

Short term its rather more bullish until holds above 1155, but if 1180 - 1200 stops the move it will turn down again once more.

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