SINGAPORE: Spot gold may retest a resistance $1,797 per ounce, a break above which could lead to a gain to $1,825.
The metal stabilised around a support at $1,769.
The stabilisation signals a completion of the wave c from $1,902.70.
Indeed, the whole correction from $1,916.40 could have completed.
A break below $1,758 may trigger a drop limited to $1,744.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
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