Gold potential remains through $1770/80
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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