• Gold under bearish pressure
• Likely to fall to support level 1650.00
Gold under the bearish pressure after the price broke the pivotal support level 1690.00 (which has been reversing Gold from the middle of July).
The breakout of the support level 1690.00 continues the clear multi-month downtrend that can be seen on the daily Gold charts.
Gold can be expected to fall further in the active impulse waves (iii), 3 and (3) toward the next support level 1650.00.
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies