– Gold under bearish pressure
– Likely to fall to support level 1860.00
Gold under the bearish pressure after the price broke the key support level 1900.00 (which stopped the previous intermediate impulse wave (A) at the end of June).
The breakout of the support level 1900.00 accelerated both of the active impulse waves 3 and (C).
Gold can be expected to fall further toward the next support level 1860.00 (target for the completion of the active impulse wave 3).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
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