Gold retested the resistance level 1310 (Fibonacci 50 for the wave 1324 1280) before continuing the downward flight, achieving the lowest price of 1290, and the general trend remains to trade down 1310 targeting 1274 and 1258 by breaking the resistance 1280. On the other hand, a breakthrough of 1310 opens the way for a visit to 1320 and the cross-direction between the levels 1280 and 1320 below the summit 1346.
On the technical analysis of the committees, the yellow metal bounced from angle 90 and price 1310 and broke support 1299 and angle 120 to target 1288 and 1277 at angle 180.
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