I do think a decent correction is imminent but this is a good quote (from Trader Dan) to bear in mind
"As long as the US Dollar is the whipping boy of the Forex markets, as it has been of late, bears will have their work cut out for them. We might very well be seeing the market shift back to focusing on the budget battle once again in the US. The government will be up against its borrowing limit soon and that means more of the usual crap that comes out of Washington.!
http://traderdannorcini.blogspot.co.uk/2013/07/late-session-surge-in-gold-conquers-50.html
"As long as the US Dollar is the whipping boy of the Forex markets, as it has been of late, bears will have their work cut out for them. We might very well be seeing the market shift back to focusing on the budget battle once again in the US. The government will be up against its borrowing limit soon and that means more of the usual crap that comes out of Washington.!
http://traderdannorcini.blogspot.co.uk/2013/07/late-session-surge-in-gold-conquers-50.html
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