Gold big correction on dollar rebound

World market dropped significantly today following the decline of DOW last Friday. Dollar rebounded after a serious oversold. Gold reacted immediately and dropped $30 to $690, breaking the $700 support without struggle.

EUR/USD dropped from 1.293 to 1.283. Gold initiated a correction after a sky-rocket uptrend. The price surged so fast and so is the decline today. However, while the dollar downtrend is unchanged, Gold is still in its bull run.