• Gold reversed from support zone
• Likely to rise to resistance level 1810.00
Gold recently reversed up from the support zone lying between the key support level 1780.00 (which reversed the pair at the start of January) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the earlier minor corrective wave (ii).
Given the strength of the aforementioned support zone – Gold can be expected to rise further toward the next resistance level 1810.00 (former support from the middle of January).
• Central banks prefer to pause. • The strengthening of the dollar prevented gold from…
Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
This website uses cookies