XAUUSD:There may be room until 1280 but overall target 1240-1180

FX:XAUUSD   Gold Spot / U.S. Dollar
After the fall of EUR against USD, and the announcement of ECB with regard the interest rate, there has been a little move up on GOLD .
It could also be interpreted as an upside technical correction because of the very low level of the indicators such as STOCH , William%R or even RSI .
Having said that, although there may be a little room on the upside towards 1275-1280, the overall perspective remain on the downside with 1240- 1220 and 1180 as headline goals.


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