Gold
1071.22
Market maybe trying to test and pierce through the Support zone of 1070.70 – 1067.09 area
Market does look like it favors a short term rebound move as a correction to its current trend before making a continuation of its move downwards based on the pattern shown in the charts above.
The above shown geometric pattern signals a probable downward trend continuation move from C to D toward its target from below the 1067.09 to as low as the D point at the 1051.65 area.
| Support | Resistence | |
| Level 1 | 1070.70 | 1073.21 |
| Level 2 | 1068.39 | 1074.78 |
| Level 3 | 1067.09 | 1076.45 |
