Gold resistance seen around $1750/60

٨ مارس ٢٠٢١

Gold continues lower towards $1689 mark on Friday last, before finding some support. The rallies are just counter trends and are expected to remain shallow, going forward. The yellow metal might have terminated Wave 3 lower from $1876 mark and if the structure is correct, a counter trend could resume soon towards $1750/60 mark. It could be Wave 4 termination, before Wave 5 resumes lower towards $1550 levels, going forward.

Remain short against $1965, towards $1650 and $1550