Gold’s sharp fall and breach of 1681.30 support suggests that recovery from 1848.38 has completed at 1921.01, after rejection by near term falling trend line resistance. Further fall is now in favor to 1828.39 support. Break there will extend the correction from 2075.18 to 61.8% retracement of 1670.6 to 2075.18 at 1825.18. This will remain the favored case now as long as 1921.01 resistance holds. Also, such development, if happens this way, will likely be accompanied by stronger rebound in Dollar.
