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harshjapee

Gold resistance seen around $1851/53

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
harshjapee  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Gold Technical Analysis
5
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trendanalysis indicator gold technicalanalysis
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.
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