Gold resistance seen around $1851/53

١٥ ديسمبر ٢٠٢٠

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.