Gold might not have produced the required corrective drop towards $1715 levels yesterday but the yellow metal remains poised to push through $1775/80 levels before reversing lower again. It is carving a potential Wave 4 since printing $1965 highs earlier, before turning lower again as Wave 5 progresses. Potential remains for a push through $1800 levels as well, before bears are back again. Gold remains a good case to be sold on rallies until $1965 remains intact.
Remain short against $1965, towards $1550
Remain short against $1965, towards $1550
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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.