$4,311 Defines Downside RiskSpot gold daily chart shows larger trend structure. Source: TradingViewLast week’s higher swing low at $4,311 is key support since a decline below it puts gold in a position to possibly test lower support levels. Several potential support areas stand out if a deeper pullback occurs. The 38.2% Fibonacci retracement is at $4,273 and supported by an uptrend line. A bullish reversal signal occurred during the recent advance above the lower swing high of $4,203 from early July, and it ...