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Gold Consolidates Above Fresh Low At $1249, Fresh Bears To Extend Towards $1220/00, Broken ...

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Spot Gold met its next target at $1249 (FE 200% of extended wave C from $1343) on Thursday's strong bearish acceleration, fresh extension of sharp fall of Tuesday. Strong negative sentiment persists, on firm dollar and rate hike hopes and may push gold price lower. Key event is today's US[​IMG]

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