After 3 moves finished on 1D chart, gold is making a big retracement down to the supporting area of 1H. As I've mentioned before that a 1 week retracement is expected for Elliott B wave on long-term bullish trend. Short-term retracement will not change the bullish trend.
* 1st support: 1975. 2nd support: 1955.
* 1st resistance: 1985-1990.
* critical positions: 1975, 1990.
* 1st support: 1975. 2nd support: 1955.
* 1st resistance: 1985-1990.
* critical positions: 1975, 1990.