– Gold under bearish pressure
– Likely to fall to support level 1975.00
Gold under the bearish pressure after the price broke the key support level 2005.00 (former monthly low from January), intersecting with the 50% Fibonacci correction of the upward impulse from November.
The breakout of the support level 2005.00 continues the active daily correction from the major resistance level 2075.00, which has been reversing Gold over the last few months.
Gold can be expected to fall further to the next support level 1975.00 (former monthly low from December).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
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- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
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