• Gold's drop to $2956/oz on Monday met target for correction of 2025 rise

• $2956/oz is 38.2% rise from Jan low to all-time peak

• The 38.2% retrace is target for a minimum technical correction

• The paring of bullish bets will lessen restraint on gold rising

• Targets for renewed rise: $3233, $3298, $3391 and $3510

• FX reaction to unfolding crisis is like no other

• *



gold targets


gold retracement

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)