Gold recently reversed down from the resistance area lying between the key resistance level 1346.00 (which stopped the earlier extended wave (a) in the middle of February) and the upper daily Bollinger Band.
The downward reversal from this resistance area completed the previous ABC correction 2 from August of 2018.
Gold is expected to fall further and retest the next pivotal support level 1321.00 (former strong resistance from the end of March).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- 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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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