We commented last week that the failure to hold above 1705 suggested lower prices and a retest of 1672, this remains our view. A break of 1672 will likely see a sharp drop towards 1630, if that level does not hold then the major Wave 2 support 1525 comes back into play.
For our subscribers at www.goldtradingexperts.com, today's video looks at the strategy for our next trade in more detail.