GOLD is in correction phase after reaching the upper channel at level 2050 and closing on the weekly at level 2003 signaling a reversal to the down side.
Next correction is possibility at bottom of level 1900 - 1920 and if the current level holds we may see a bullish movement continuation to new high,
and if it breaks the support area at that area, we may see it back to the lower channel at level 1600.
Next correction is possibility at bottom of level 1900 - 1920 and if the current level holds we may see a bullish movement continuation to new high,
and if it breaks the support area at that area, we may see it back to the lower channel at level 1600.