Gold dips notably today, after failing to break through 2074.84 record high earlier. With the depth of the retreat, more corrective trading is now likely for the near term. While gold cold gyrate below 2000 handle, downside should be contained by 1960.83 support to bring another rally. Decisive break of 2074.84 will pave to way to next medium term target at 61.8% projection of 1160.17 to 2074.84 from 1682.60 at 2247.86.
However, break of 1960.83 support will delay the bullish case. Gold could then be in correction to rise from 1682.60 (the preferred case), or it’s starting a third leg of the corrective pattern from 2074.84 (less preferred case). But both ways, Gold could have a test on 1877.80 support before setting on the next move.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。