SINGAPORE: Spot gold may break a support at $1,801 per ounce and fall to $1,784.

The metal is riding on a wave C which is expected to travel to $1,784, its 100% projection level, as it has extended far below its 61.8% level of $1,812.

Spot gold may retest support at $1,812

A break above $1,812 may lead to a gain to $1,821.