• Gold broke powerful support level 1766.00
• Likely to fall to support level 1700.00
Gold recently broke the powerful support level 1766.00 (which has been reversing the price from the end of November).
The breakout of the support level 1766.00 was followed by the failed test of this price level (acting as resistance after it was broken) – which is a sell signal for Gold.
Gold is likely to fall further toward the next support level 1700.00 (target price for the completion of the active impulse wave 3, former support from June).
- WTI crude oil broke resistance area - Likely to rise to resistance level 76.00…
- S&P 500 reversed from support area - Likely to rise to resistance level 6000.00…
The technical picture for gold is mixed, but a dip below the 50-day moving average…
The US stock market is starting the year in a state of fear, as reflected…
The crypto market is struggling to grow without the support of stock markets, with reduced…
- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…
This website uses cookies