Gold recently reversed up from the support area lying between the strong support level 1280.00 (monthly low from January), 100-day moving average and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term wave B – which belongs to ABC correction (C) from February.
Gold is expected to rise further in the active wave B and re-test the next resistance level 1330.00 (target price for the completion of the active wave B).
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- 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…
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- 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…
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