Gold recently reversed up sharply from the support zone lying between the key support level 1560.0, lower daily Bollinger Band and the 50% Fibonacci correction of the pervious upward impulse from November.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star.
Gold is likely rise fall further toward the next resistance level 1690.00 (top of the previous Shooting Star from last month)).
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- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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