• Gold falling inside impulse wave (3)
• Likely to reach support level 1675.00
Gold continues to fall inside the intermediate impulse wave (3), which started earlier from the resistance level 1755.00 (former multi-month support level from November).
The price is currency approaching the support level 1700.00 (low of the previous minor correction B).
If Gold breaks the support level 1700.00 – the price will then most likely fall to the next support level 1675.00 (low of the previous intermediate impulse wave (1)).