Gold recently reversed up from the support area lying between the support level 1455.00 (low of the earlier wave (A) from September), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward price impulse form August.
The upward reversal from this support area started the active short-term correction (ii).
Gold is expected to rise further toward the next resistance level 1480.00 – former strong support from the end of October (low of waves 1, (b) and (i)).
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…
Weak US retail sales are adding to concerns of a potential recession, putting pressure on…
The Dow Jones rebound depends on the Federal Reserve's monetary policy and incoming data. It…
Market Picture The crypto market is consolidating in the $2.70 trillion area, near the bottom…
The dollar experienced a sell-off but rallied back up by the end of the week.…
This website uses cookies
