Dislikedvery true. Market analysts have attributed this to liquidity-selling off gold as the Euro drops. Will this correlation change soon due to the cash injection yesterday?Ignored
Honestly think this is a higher TF correction. For now gold is still bullish because it bounced off of the rising weekly trend line. But it is really not getting that much traction.
From a retail perspective I can't imagine people are lining up to buy. The people I know with gold are all wondering if they should sell.