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Gold Correction Update

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Pacorabs  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Long term picture for Gold remains bullish


We're still consolidating between 50 and 100D SMA. But March is currently uptrend under a lot of bearish pressure
Another failure to break above old ATH may mark the start of a new corrective leg
Break beneath 100D MA could go all the way down to 1800. This may present a HUGE buying opportunity as the overall bigger picture still remains positive for Gold

Looking forward to hearing your thoughts!

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Pacorabs
Gold Correction (Update)
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