– Gold reversed from support level 2625.00
– Likely to rise to resistance level 2685.00
Gold recently reversed up from the support level 2625.00 intersecting with the upper trendline of the daily up channel from July (acting as the support after it was broken in September).
The upward reversal from the support level 2625.00 continues the active short-term impulse wave 5 of the higher order impulse wave (5) from last year.
Given the overriding daily uptrend, Gold can be expected to rise further to the next resistance level 2685.00 (top of the previous impulse wave i).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies