Spot gold may test support at $4,262

Spot gold TVC:GOLD may test support at $4,262 per ounce, a break below which could open the way toward the $4,220-$4,235 range.A wave c from $4,371 temporarily stopped around its 86.4% projection level of $4,277. However, this wave is capable of travelling to $4,262, its 100% projection level.A bre…