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)).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies