Gold continues with its correction and is already at 1200 dollars per ounce. If it continues declining and loses 1200, the pair could stop at 1195.5/90. If broken, the pair will make a big short movement to 1178.5. The 08:00 CET candle tells us that 1208.1 is a resistance with great downwards potential. If the bulls can break it, we could see a new attempt to hit historical highs.

/