• Gold reversed from major resistance level 2050.00
• Likely to fall to support level 1953.00
Gold continues to fall after the price reversed down from the major resistance level 2050.00 (which is the upper boundary of the powerful resistance zone, which has been reversing the price from the middle of 2020) coinciding with the upper weekly Bollinger Band.
The downward reversal from the resistance level 2050.00 created the weekly Japanese candlesticks reversal pattern Shooting Star.
Given the bearish divergence on the weekly Stochastic, Gold can be expected to fall further toward the next support level 1953.00 (lower boundary of this resistance zone).
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