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With a corrective target hit, is gold beginning to renew its safe haven status?

From hmarkets.com

Are there signs that gold is beginning to regain its safe haven flow? The technical correction has met its implied target, so we begin to look for renewed positive signals for the next bull leg higher. Support around $1671 is growing in importance on a near term basis. Fundamentals/Newsflow After the near term correction, in the past session of so there is beginning to be signs that gold is becoming slightly more aligned with its traditional safe haven correlations. Gold has been supported whilst US equities are beginning to fall away. This is a classic sign of safe haven flow. This also comes amidst falling US ... (full story)

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  • Category: Technical Analysis