XAUUSD: A little correction but no change of trend.
Gold may face a little correction on the downside, but nothing that would change the construction of the long trend.
One should still watch carefully the LAgging span. Bare in mind that there is a long term and slow construction of an upside trend. This will be accelerated with FEd's decision to increase th interest rate, but we are not there yet.
Therefore, There red trend line is the long term apparent trendline. 1180 remain the critical pivot bellow which is the trend line is broken, XAUUSD may go bellow 1180 towards 1060.
One should still watch carefully the LAgging span. Bare in mind that there is a long term and slow construction of an upside trend. This will be accelerated with FEd's decision to increase th interest rate, but we are not there yet.
Therefore, There red trend line is the long term apparent trendline. 1180 remain the critical pivot bellow which is the trend line is broken, XAUUSD may go bellow 1180 towards 1060.
