XAUUSD: Toward a little correction upside before breaking bad
There is no surprise in the trend of GOLD. For those who follow closely my analysis, there isn't yet an environment where GOLD may have a perspective of growth.
Since FED and ECB as well as BoJ have lowered there interest rate, there is not yet a room to see a growing GOLD.
From time to time, when the market is exaggerating the move, there may be an upside correction as it is for the time being. But on the medium term, and until ECB FED BoJ BoE increase there interest rate, or in a case of a serious inflation risk, GOLD may continue its path towards 1180 and even lower.
On a short term basis, there may be a little correction on the upside, but this is just to balance the oversold situation
Since FED and ECB as well as BoJ have lowered there interest rate, there is not yet a room to see a growing GOLD.
From time to time, when the market is exaggerating the move, there may be an upside correction as it is for the time being. But on the medium term, and until ECB FED BoJ BoE increase there interest rate, or in a case of a serious inflation risk, GOLD may continue its path towards 1180 and even lower.
On a short term basis, there may be a little correction on the upside, but this is just to balance the oversold situation
