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2025-10-28 11:49:09
Spot gold may fall to the $3885-3939 range. 1. Technical analysts point out that spot gold may fall below the $3982 support level, further testing the $3885-3939 range. 2. The decline that began at the $4381 high has resumed, driven by wave C, with a target of $3798-3939, a range derived from the 100% and 61.8% projections. 3. Retracement analysis of the $3628 rally shows that it has fallen below the 50% level of $4004, opening the way to $3915; resistance is at $4026, a break of which could lead to a rebound to $4080. 4. On the daily chart, the $1810 support level of $4004 has been breached, potentially triggering a deeper decline into the wide range of $3397-3772 (38.2%-23.6%).
