Gold into its last conter trend phase towards $1770/80

17 mar 2021Gold might not have produced the required corrective drop towards $1715 levels yesterday but the yellow metal remains poised to push through $1775/80 levels before reversing lower again. It is carving a potential Wave 4 since printing $1965 highs earlier, before turning lower again as Wave 5 progresses. Potential remains for a push through $1800 levels as well, before bears are back again. Gold remains a good case to be sold on rallies until $1965 remains intact.

Remain short against $1965, towards $1550