Gold in short term correction before the big drop .
As we see on the first quarter of the year all major indices still in rallies and not stooping making new highs ,That reason not giving the yellow metal opportunity to make new high level prices ,but that is not too far from now.
Trend is Down and we are facing a correction until 1230$ per once
Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL .
Good luck ..
two scenario for GOLD movement . Now we are in a correction wave pattern , first the price looking for a support before going up this movement can be canceled if the gold price breakout the resistance upr trend line
after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up