The fundamental is so strong that lots of people think FOREXCOM:XAUUSD is still in it's bullish trend. Yes, it is bullish, still. But the correction is underway also. And I see XAUUSD is ready to fall at any moment. the bearish momentum might be short term, still the market will be the final jugde of where the price will go to, because the government won't let...
well, I might give a slower direction. But, it is better than get a trap along the way. Let's get to the point. I think FOREXCOM:XAUUSD is bullish. It may drop a bit, yes. But I think we will go to 2030 at minimum. Let's enjoy the ride ;D
I see a Bearish flag pattern in tf 30m. There is a possibilities that it may go down to 2016 minimum.