Mihai_Iacob

Gold- a correction is possible

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
My "medium-term" target proved to be a short term target, with gold dropping 1000 pips in a matter of days...
Although, as I said in my previous analysis, bulls have lost the fight, a correction from 1850 zone is not only probable but also "healthy" in this unidirectional move.
That being said, I will look to buy Gold for a 2-300 pips technical rally that would release the pressure and give scope to further losses in the medium term.

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