#GOLD makes excellent ABC correction (Elliot Wave) on the first day of the week reaching 2729 low.

Point to be noted it was 30$ decline in the prices after a successful last week hence in first thought this decline should be considered as a correction and will be early to call it a downward reversal. 

Today it will be a judgement day for the upcoming week that is filled with Monetary Policies of Canada, USA and Euro. Starting today we have Consumer Price Index data that will either give boost to #DXY or it will bring it down to yesterday's lows. 

In the upside now gold buyers have to break and sustain above 2770 and in the downside, sellers need to crack 2720 and target 2710-2700 levels. 

STAY AHEAD OF THE MARKET AND OTHER TRADERS