Gold resistance seen around $1851/53
Gold might still be unfolding its corrective wave A-B-C from $1875. Potential Wave B might be underway towards $1853/54 levels, the fibonacci 0.618 retracement of earlier drop as well. If unfolds accordingly, a sharp decline might follow through $1805/10 levels as Wave (C) progresses.
Short term bearish towards $1806/10, then bullish.
Short term bearish towards $1806/10, then bullish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.