Gold at $2358: Can Drop to $2343 and Rebound to $2393-$2415..?
Gold shows some signs of life from yesterday's $2351 lows and today's dull trading witnessed attempts to recover which was capped at $2368 critical zone.
There is possibility of some lower retracement towards $2343 followed by rebound towards $2373-$2383-$2393 which does require strong break above $2368
If $2343 support fails, expect correctional decline extending to $2337-$2331 before rebound begins.
There is possibility of some lower retracement towards $2343 followed by rebound towards $2373-$2383-$2393 which does require strong break above $2368
If $2343 support fails, expect correctional decline extending to $2337-$2331 before rebound begins.
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