Spot gold looks neutral in a range of $1,870-$1,890 Only the break of these levels could suggest further direction. A break below $1,870 could open the way towards $1,852.
While a break above $1,893 could lead into $1,902-$1,917 range.
Current consolidation is taking the shape of Triangle with Bullish Bias. As long Gold hovers above 1974, it is likely to rise...
We are looking to Sell at 1873
The Gold has Broken out of the wedge formation to go Up
A 5th Bullish Wave has been completed at 1871.75
Resistance could prove difficult to breakdown
We expect a reversal in this move
Entry
1873
Stop
1885
Limit
1846
