Gold plunged 5% for its biggest meltdown in a day since August after Pfizer’s announcement of progress in its Covid-19 vaccine program surprised markets, redirecting money from havens into risk assets.
Technically, the GOLD went Down from 1965.0 to 1850.0, yesterday. Today, We might see a 38% retracement towards 1890.0, but the trend still down. Expecting the Market to pnetrate the 1848.0 low heading towards the 1793.0 level during this week.