Gold Wave Analysis – 05 August, 2019
August 05, 2019 @ 17:26 UTC
- Gold broke resistance area
- Further gains are likely
Gold today broke the resistance area lying between the resistance levels 1430.00 and 1450.00 – which has been reversing the price from the end of June.
The breakout of this resistance area should accelerate the active impulse waves 3 and (3).
Gold is expected to rise further and retest the next round resistance level 1500.00 (target price for the completion of the active impulse wave 3).