Gold / correction finished / long entry & good risk/reward ratio

Psychological / Fundamental Analysis

After several days of correction, gold will form around the $ 1200 mark floor. The uncertainties on the market should give gold a boost in the next few days. The potential economic wars are not yet clear and there is still political uncertainty in many countries.

Technical Analysis

RSI is getting upward momentum and the ichimoku clouds are still very bullish because the baselines (fat red and blue line) havent crossed until now.

I expect further price increases until 1220 $ which is 0,5 Fibonacci retracement area.