– Gold reversed from support level 2020.00
– Likely to rise to resistance level 2075.00
Gold recently reversed up from the pivotal support level 2020.00 (former minor support from the middle of December).
The support level 2020.00 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse 1 from last month.
Given the clear daily uptrend, Gold can be expected to rise further to the next resistance level 2075.00 (top of the previous minor impulse wave 1).
- Apple reversed from key resistance level 237.00 - Likely to fall to support level 227.00…
- Aig reversed from support level 76.60 - Likely to rise to resistance level 79.65 Aig recently…
Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.7750 GBPCAD…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.8730 USDCHF currency…
The British pound fell below the 1.30 level against the dollar after weak inflation data…
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