• Gold reversed from long-term resistance level 2070.00
• Likely to fall to support level 1966.00
Gold recently reversed down from the strong, long-term resistance level 2070.00 (previous yearly high from 2020 and 2022).
The resistance level 2070.00 was further strengthened by the upper weekly Bollinger Band.
Given the strength of the resistance level 2070.00 and the bearish divergence on the weekly Stochastic, Gold can be expected to fall toward the next support level 1966.00 (bottom of the previous weekly correction (2)).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies