Gold’s aggressive rally since the mid-February low is currently being challenged with bullion suffering a long overdue and relatively aggressive, but healthy correction, which will help determine the real level of underlying demand besides momentum and managed money accounts who normally trade with a short-term focus and will reduce longs should the technical and/or fundamental picture change. Having rallied by almost USD 450 from the mid-February low, the correction currently unfolding risks being relatively brutal and will likely challenge traders' belief that further gains are possible. From a technical ... (full story)