Spot gold may retest support at $4,257
Spot gold TVC:GOLD may retest a support at $4,257 per ounce, a break below which could trigger a drop toward $4,197.A wave C from $4,512 may either end around its 61.8% projection level of $4,257 or extend to the 100% projection level of $4,099.Given the preceding wave A adopted a five-wave mode an…