Gold resistance seen around $1851/53
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.
Short term bearish towards $1806/10, then bullish.
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