XAUUSD: Still on the down side

GOLD is still as predicted in the down side. 1380-1370 wa a good entry point for short. At this stage the precious metal may go up on a short term basis for a correction but the confirmed trend s still on the downside until 1180 or even bellow.
Unlessthere is clear signals that inflation will raise which is not the case at all, Gold may stabilize at around 1180 and there is no hope yet for an long term upside.