Categories: Technical analysis

Gold Wave Analysis 19 September 2024

– Gold reversed from support level 2550.00

– Likely to rise to resistance level 2600.00

Gold continues to rise inside the minor impulse waves v and 3, which belong to the intermediate impulse wave (3) from the start of June.

The price earlier reversed up from the support level 2550.00, which stopped the previous short-term correction yesterday.

Given the prevailing daily uptrend, Gold can be expected to rise further to the next resistance level 2600.00 – the breakout of which can lead to the next resistance at 2625.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: gold

Recent Posts

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

1 second ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

4 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

5 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

18 hours ago

DraftKings Wave Analysis – 4 December 2025

DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…

19 hours ago

NVDA Wave Analysis – 4 December 2025

NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…

20 hours ago

This website uses cookies