GOLD Might Take A Bearish TurnThe gold price finally reached the magical USD 3000 mark a few days ago.
However, a look at the volume calls for caution, as a setback could be imminent. We are seeing significant outflows at the top and selling in strength.
Although we do not expect a bearish reversal in the big picture, a setback of around USD 150 to 200 in XAUUSD is not unlikely.