{video} Gold further tests the uptrend line as support as it dips below the line briefly early in the session to a new trend low of 1,932, before rallying to a three-day high. It is on track to complete the day at its highest daily close in at least four days. Support around the uptrend line is strengthened by its convergence with the 50% retracement and completion of a falling ABCD pattern with the CD target extended by 127.2% (1,943). {chart} Nevertheless, a drop below today’s low of 1,932 triggers a bearish trend continuation. Gold would then be heading to the 61.8% Fibonacci support zone at 1,912. Near that price ... (full story)