#Gold- Is this correction done?
As I said in my weekend analysis and also yesterday, Gold has more to fall in my opinion, and the rise from 1780 is normal after a 700+ pips fall in 3 days, BUT IS JUST A CORRECTION.
Yesterday Gold reached my sell zone and has started to roll back down and this can be a signal that the correction is over.
At this moment the price is hovering around interim support and a break here would expose last week's low
A drop to 1780 again would give a high probability of a lower high in place and call for continuation to the downside with a next target at 1755-1760 zone
As I said in my previous analyzes, I will remain bearish in medium-term as long as the price is under 1830
