Technical analysis
Gold Wave Analysis – 13 April, 2022
April 13, 2022 @ 19:29 +03:00
![Gold Wave Analysis – 13 April, 2022 Gold Wave Analysis – 13 April, 2022](https://fxpro.news/wp-content/uploads/2020/04/gold3.jpg)
• Gold broke resistance level 1960.00
• Likely to rise to resistance level 2000.00
Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March).
The breakout of the resistance level 1960.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward wave (A).
Gold can be expected to rise toward the next round resistance level 2000.00 (target for the completion of the active wave C).
![](https://fxpro.news/wp-content/uploads/2022/04/xauusd-primary-analysis-apr-13-1713-pm-1-day-1024x479.png)