Is This The End of the Retracement?

The move south continued for GOLD today after it reached the resistance at 1087, formed a doji candlestick on the four-hour time-frame and started moving to the downside again. Next support is at 1075 and should it break below that level it will head for the support at 1066. However, considering the doji candlestick on the more relevant daily time-frame, I think it is quite possible for it to either bounce off the support at 1075, or reach 1066, form a double bottom at that level and move to the upside again. In other words, I do not think that the retracement is over.