Gold justifying the title of a defensive asset has reached the target faster than expected and it is correcting at the moment.
It is interesting that since the beginning of the year, there has been a direct link between Gold and Brent, and WTI crude. Amid the geopolitical instability, gold is growing as a safe haven asset while oil is growing due to sanctions restrictions.
Like black gold, the metal has reached the Fibonacci retracement level of 50% and "stuck" into the line of the uptrend.
To predict the further Gold movement by analogy with Brent crude, the trend is expected to be tested for strength.