Gold pullback could provide bullish opportunity
Gold has pulled back into the 61.8% retracement this morning, following yet another move higher yesterday. The market is showing tentative signs of bottoming out, so there is still a good chance we could see this current upside broken to the downside.
However, for now we have clear higher highs and higher lows, which are likely to continue. With that in mind, a bullish outlook remains unless we see the price fall below $1272.