Gold recently reversed up from the support area lying between support level 1305.00 (which has been reversing the price from the start of February), lower daily Bollinger Band and the support trendline of the sharp daily up channel from November.
The upward reversal from this support area stopped the previous medium-term ABC correction (4).
Gold is expected to rise further and re-test the next resistance level 1330.00 (high of the previous impulse wave (3) from the end of January).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
