Buyers appear to be losing interest and spot gold is headed for a test of the key $1750 support level. Failure would complete a double top, warning of a correction to $1500/$1600* (depending on whether you take the base as $1700 or $1750). Respect would indicate another test of $1900.
* Target calculation: 1900 + (1900 – 1750 ) = 2050 and 1750 – (1900 – 1750 ) = 1600
mr twiggs, looking forward to seeing your retrace on silver , thinking $26.00but love hear your thoughts . i mean it could go to 21 or 14 thanks for your reply enjoy your market perspectives and charting. have great day , todd