SINGAPORE: Spot gold may break a resistance at $1,751 per ounce, and rise into a range of $1,763-$1,773.

 

The long span of the bob from the July 6 low of $1,731 recommends the culmination of a little five-wave cycle from $1,814.

The metal might bob towards the scope of wave 4 which is from $1,763 to $1,773.

Support is at $1,737, a break beneath which might flag the continuation of the downtrend towards the zone of $1,711-$1,721.

On the everyday graph, the downtrend inside a greater channel stays consistent.

Spot gold may retest support at $1,728

Be that as it may, the little doji on Thursday flags a transitory adjustment of the cost and a sluggish bob to follow.

The pattern could ultimately reach out to $1,680, as pointed by the channel.

A good bob may just happen in the help zone of $1,680-$1,684.