Gold might be preparing to rally through $1770/80 levels before resuming lower again. Intraday support is seen towards $1715 and a bullish bounce there would encourage further push towards $1770, going forward. Alternately, the yellow metal might drift sideways unfolding as a triangle, before terminating Wave 4. Either way, the metal remains a sell on rallies case until prices stay below $1965.
Remain short against $1965, towards $1650 and $1550
Remain short against $1965, towards $1650 and $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.