GOLD is at important zonal support. It will be either make it or break it. A bounce off 1675 or a drop below 1662.
Gold has dropped towards historical support (near term) at 1662 after the NFP data on Friday. W L3 shows a confluence with other data points so we might expect sellers within the 1710-1718 zone. Targets are 1675 and 1662. However, if 1662 breaks, the next target is 1629, so Gold downtrend might continue. Only a break of 1752 might put it in uptrend.
Many green pips,
Nenad Kerkez aka Tarantula FX