seems like somebody is keen to buy gold at 1565.
most recent low was 1532.
SPX is holding up well, dribbling away to say the least. 1180 may be a good buy if it gets to it. market waiting at that level.
otherwise it is just a rout to take profit off the table before Xmas.
Elliotician count this as wave 2 correction in a larger bull trend. If 1158 is violated, then it may be a bear trend. Then we may enter into the 3rd wave of a bear trend. Meanwhile, we are taking the stance of a correction, with target from 1180 to 1200.
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