SINGAPORE: Spot gold may break a resistance at $1,904 per ounce and rise to $1,930.
The metal is riding on a wave c from $1,819.35, which is capable of travelling to $1,930, its 100% projection level.
After the moderate consolidation on Dec. 18, gold could have accumulated enough bullish momentum to rise towards $1,930.
Support is at $1,888, a break below which could cause a fall into the range of $1,862-$1,875.
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.
Comments
Comments are closed for this article.