Spot gold may extend bounce to $4,316

Spot gold TVC:GOLD may extend its bounce to $4,316 per ounce, as suggested by a falling channel and a projection analysis.The bounce is assumed to be the same degree as the one from $4,291 to $4,371. A projection analysis on the fall from $4,370 reveals the 50% level of $4,316 as the target, which…