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Spot gold may fall into $1,801-$1,812 range
SINGAPORE: Spot gold may break a support at $1,821 per ounce, and fall into $1,801-$1,812 range.
The downtrend is...
SINGAPORE: Spot gold may break a support at $1,821 per ounce, and fall into $1,801-$1,812 range.
The downtrend is riding on a wave C which could travel into $1,784-$1,812 range.
Spot gold may test support at $1,821
A break above $1,829 may lead to a gain to $1,840. On the daily chart, a downtrend remains steady within a falling channel.
The drop on Thursday adds more bearish tone.
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