Gold continues to rise inside the short-term impulse wave (iii), which started previously from the support zone located between the key support level 1200.00 (former resistance from August and September), 50-day moving average and the 38.2% Fibonacci correction of the previous upward impulse from August.
This support zone was further strengthened by the lower daily Bollinger Band.
Gold is like to rise further and re-test the next resistance level 1242.00 (top of the previous impulse wave (i) from October). Strong support remains at 1200.00.
Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…
Waller's dovish rhetoric halted the bears' attack on EURUSD. Slowing UK inflation caused the pound…
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…
This website uses cookies
