Gold opens the week sharply higher today as it drew strong support from 4 hour 55 EMA. It’s now trying to reclaim 1900 handle. More importantly, focus in on 1906.74 resistance. Firm break there will resume whole rebound form 1764.31. We’re seeing that corrective pattern from 2075.18 has completed with three waves down to 1764.31. Break of 1965.50 resistance should confirm our bullish view and target a test on this high. In any case, near term outlook will say cautiously bullish as long as 1819.05 support holds.
