Gold was down on Wednesday morning in Asia. Investors continued their cautious wait for the latest U.S. jobs report, which could provide clues on when the Federal Reserve could begin asset tapering and interest rate hikes.
The GOLD into the overbought area for the last 3 days. MACD is curving Down. The market shows short term peaking action, driving initial topping selloffs to test 1801.0 retracement support for today. A close under 1801.0 alerts for a larger top/downturn and projects selloffs to 1777.0 - 1771.0, when broken 1751.0 near term.