GOLD - RANGE EXTENDS TO 3976 - WILL IT HOLD??

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GOLD - RANGE EXTENDS TO 3976 - WILL IT HOLD??GoldOANDA:XAUUSDGoldviewfxHey Everyone, The retracement range has opened back up after the 4028 support level broke. Price has now filled 3976 and is currently seeing a reactionary bounce from this weighted level. If 3976 continues to hold as support, we're likely to see 4028 tested as resistance. A successful break back above 4028 would reopen the range, targeting 4077. At the moment, we're trading within the larger range between 3976 and 4077, with no confirmed break below 3976. This remains a crucial support level before we begin looking for a move into the lower swing range. We'll continue to keep you updated as price develops. Mr Gold