XAUUSD: Upside correction may be over Watch 1180
XAUUSD made an upside correction emphasized by the tension in Yemen, the military operation of Saudi's and the sudden increase of WTI.
However, on a 1D basis, there isn't any apparent sign of chnge of trend. I.E gold remain bearish and the upside correction may be very much over. It is over on a 1H chart, but yet not over on a 4H chart.
However, the long term trend rremain 1180 1140 and bellow.
If 1180 is broken, note that the next target may very much be 1140.
However, on a 1D basis, there isn't any apparent sign of chnge of trend. I.E gold remain bearish and the upside correction may be very much over. It is over on a 1H chart, but yet not over on a 4H chart.
However, the long term trend rremain 1180 1140 and bellow.
If 1180 is broken, note that the next target may very much be 1140.
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