XAUUSD Gold Correction - Buy opportunity soon.

26 thg 5, 2016

So Gold has broken its trendline after previous rally. Also Gold has broken below daily 50 ema which confirms a correction is taking place. Short sellers might fancy trading it down short term until support. There should be a good buy opportunity for bulls around the support shown on the chart, around 1190-1200.

What are your thoughts eveyone?