Gold’s break of 1855.40 minor resistance suggests temporary bottoming at 1817.05, after drawing support from 1819.07 support. Some consolidations could be seen, with risk of stronger recovery. But upside should be limited by 4 hour 55 EMA (now at 1888.09) to bring fall resumption.
We’re holding on to the view that fall from 1959.16 is the third leg of the corrective pattern from 2075.18. Break of 1817.05 will target 1764.31 support and below.
