Gold recently reversed up from the support level 1575.00 (former strong support from February) intersecting with the 38.2% Fibonacci retracement level of the previous impulse wave (i) from March.
The upward reversal from the support level 1575.00 started the active short-term impulse wave (iii).
Given the clear daily uptrend – Gold is likely to rise further toward the next resistance level 1640.00 (top of the previous impulse wave (i)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies