Spot gold set to retest $4,257 support
Spot gold is being discussed as potentially retesting support at $4,257/oz. A break below is described as opening the way toward $4,156–$4,197.
Spot gold TVC:GOLD may retest support at $4,257 per ounce, with a break below that level potentially opening the way toward the $4,156-$4,197 range. The metal was unable to hold above a falling channel after briefly moving through it. The setback and the ensuing sharp decline confirmed a continuation of the trend.