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).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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