• Gold broke resistance area
• Likely to rise to resistance level 1950.00
Gold recently broke the resistance area located between the resistance level 1855.00 and the 38.2% Fibonacci correction of the downward correction from the start of February.
The breakout of this resistance area accelerated the active intermediate impulse wave (1).
Gold can be expected to rise further toward the next resistance level 1950.00 (previous multi-month high from the start of February).
- 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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- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
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