Gold wait retracement to target 2850
We probably will see a retracement to 50% fibs before getting back to the ATH.
With US ISM Manufacturing PMI on Feb 3 we may have an indice above the forecast of 49.3 that may enforce the retracement to around 2760$. If 2760$ holds and prove a strengh in long position it could be a confirmation of this scenario.
On the other hand if Manufacturing PMI goes less than forecast we maybe have a bounce on the 38.2 Fib around 2780 $ to reach the 2850 Target.
XAUUSD
With US ISM Manufacturing PMI on Feb 3 we may have an indice above the forecast of 49.3 that may enforce the retracement to around 2760$. If 2760$ holds and prove a strengh in long position it could be a confirmation of this scenario.
On the other hand if Manufacturing PMI goes less than forecast we maybe have a bounce on the 38.2 Fib around 2780 $ to reach the 2850 Target.
XAUUSD 
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