Gold recently reversed down from the resistance area lying between the resistance level 1690.00 (top of the daily Shooting Star from the middle of February), upper daily Bollinger Band and the resistance trendline of the daily up channel from July.
The downward reversal from this resistance area stopped the earlier impulse waves (iii) and 3.
Given the clear bearish divergence on the daily Stochastic indicator – Gold is likely to correct down further toward the next support level 1630.00.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- 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…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- 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…
This website uses cookies
