Gold potential remains through $1770/80

15 mar 2021Gold might be preparing to rally through $1770/80 levels before resuming lower again. Intraday support is seen towards $1715 and a bullish bounce there would encourage further push towards $1770, going forward. Alternately, the yellow metal might drift sideways unfolding as a triangle, before terminating Wave 4. Either way, the metal remains a sell on rallies case until prices stay below $1965.

Remain short against $1965, towards $1650 and $1550