Gold stands to face immediate resistance around $1855/60

Gold attempts a lower degree corrective wave ii towards $1820/26 mark, before reversing lower again. The yellow metal is either unfolding an extended Wave 3 since $1855 highs, or is set to unfold as a complex W-X-Y structure as an alternate. Believe it or not, since the metal has been following its resistance trend line, the alternate count remains remote for now. A minimum push through $1820/25 can be expected, to trigger another round of selloff and drag lower towards $1550, going forward.

Remain short against $1965, add more @ 1820/25, towards $1650 and $1550