Gold continues to trade in the red on the Daily chart, but has touched a strong support area. Technically, a throwback is favored because is located in the buyer’s territory. It moves in range maintaining a bullish perspective after the breakout from the red descending pitchfork’s body.
We may have a buying opportunity from here if the support will hold, the next upside targets will be at the 382.% retracement level and higher at the $1295 per ounce.
