OANDA:XAUUSD   Gold Spot / U.S. Dollar
With Stock markets starting to enter Bear Market, a lot of Investors are looking for safe havens, GOLD is one of those, with a correlation to the stock market, Gold strengthens when the Indices weaken, we believe the is a large presence of Short Sellers at around the 1,303.000 area, this may only be temporary (quick bounce) as Gold prices could continue to go to higher levels to a resistance line.