Mihai_Iacob

Gold- Reversal or only correction?

OANDA:XAUUSD   黄金现货/美元
The past two weeks were crazy for Gold with the price rising 2k pips from the bottom to the top.
On Monday the price spiked above 2k and has started to reverse.
Considering the strong leg up, this drop is, in my view, just a correction to the overall trend and the price should start rising again soon.
At the time of writing Gold is trading at 1940 which is also horizontal support and a break under it would expose the next important support zone between 1910 and 1915.
I'm waiting for more clear reversal signs for now.

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