Pashabxl

GOLD: Technical correction upside

FX:XAUUSD   Gold/U.S. Dollar
224 0 3
MArkets are waiting for the statements of Both FED's Chief Yellen and ECB President Draghi.
There has been a move on the upside, but the market is still in a correction phase. Therefore when CAC40, DAX             , DJI, SP500             will face the second correction phase GOLD             will also face a correction but this time on the upside. This is a technical correction because the precious metal is oversold. But yet there is no reversal of the trend.
You can see on the time based Fib retracement that the goal is to reach at least 1180 before entering long on the market.
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