GOLD has been moving in uptrend since December 2015 but recently the correction has started. Support was broken at 1340$ level but still local support at 1325$ has been stopping declines for now. It is likely that bulls will start shopping spree only at area 1310$ – 1300$. It will cause rebound and the end of the correction.
After the rebound will be started goal for upward movement is located at 1390$ – 1400$ area. Consolidation or new correction should occur there.