Spot gold breaks $4,306 resistance, targets $4,354
Spot gold (TVC:GOLD) has broken resistance at $4,306 and may rise toward $4,354 per ounce, with stabilization around support at $4,257-$4,266.
Spot gold TVC:GOLD may advance toward $4,354 per ounce after breaking resistance at $4,306. 8% projection level of a wave C from $4,512 and the 100% projection level of a small wave c from $4,403. Both waves continue to support the current technical setup.