Gold moved up as the indexes went into a correction gateway. But the precious metal could not hold above 1330 which is a key level.
If XAUUSD would have broken 1330 and break this resistance which would have become a support level, we would have thought to other move.
But yet, the move is still on the down side. 1313, 1309, 1284, 1259 and 1228.
Of course on the downside of the road, and at excessive oversold level, Gold may jump from time to time, but the path remain the same.
Headline goal remain 1180.
If XAUUSD would have broken 1330 and break this resistance which would have become a support level, we would have thought to other move.
But yet, the move is still on the down side. 1313, 1309, 1284, 1259 and 1228.
Of course on the downside of the road, and at excessive oversold level, Gold may jump from time to time, but the path remain the same.
Headline goal remain 1180.
