Finacademy

Gold might still push through $1820/25 before resuming lower

Short
OANDA:XAUUSD   Or / Dollar Américain
Gold had reversed from $1815/17 levels yesterday before finding interim support around $1781. The drop seems to be corrective and potential remains for yet another push towards $1820/25 zone, which is fibonacci 0.618 retracement of lower degree wave i as highlighted on the chart here. Only a push through trend line resistance and above $1855, opens doors to test $1880/1900 resistance.

Remain short against $1965, towards $1650
Clause de non-responsabilité

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