4/6/2021 7:56:31 AM GMT Gold is retracing mostly because of the AUD strength. The market went to resistance and I expect bearish continuation. 1738-1746 zone should provide us with bearish rejection. W H3 is an additional level which provides confluence to bearish gold outlook. 1-2-3 pattern is in play. Targets are 1725 followed by 1714, 1699 and eventual retest of 1672. I don’t expect all targets to be hit at once but possibly during the week or next week. The analysis has been done with the CAMMACD.Core System. For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.