Overall we continue to see upside potential in this market.
We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.
After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.
This has the potential to push prices higher. Gold has always had a traditional role as an asset which holds its value in times of uncertainty.