Gold with strong support at 2250-2270

10 Jun

Gold is coming to the downside, now falling sharply into (C) wave which can be actually the final leg of a corrective wave four retracement, that can represent some nice deeper pullback within uptrend, ideally wave four. Notice that metal is now trading close to 2277 area, which will ideally be touched before the market may stabilize sometime this week. The deeper interesting support of (C)=(A) level is at 2250.