Finally again some clear COT Data... Correction started Wed. and should continue for a while till about 1230. From COT Data this is possible and definitely not exaggerating. But we should be aware that a bearish3 drives Pattern will be building with a short term Target (beg. Aug) of 1310-1320 and a correction Target in the sub 1200 Region.
If not sure where Gold is going in USD, it might be worth having a look at Gold against a currency basket