Gold continues to rise steadily after the earlier breakout of the key round resistance level 1700.00 (which stopped the previous sharp impulse wave 1).
The breakout of the resistance level 1700.00 continues the active multi-impulse advance made up of the three different-length impulse waves – (iii), 3 and (3).
Gold is likely to rise further toward the next resistance level 1760.00 (target price for the completion of the active impulse wave 3).
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- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
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- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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