Gold recently broke the key long-term resistance level 1370.00 (which has been reversing the price from July of 2016, as can be seen from the weekly Gold chart below).
The breakout of the resistance level 1370.00 strengthened the bullish pressure on this instrument – accelerating the active impulse wave (3).
Gold is expected to rise further and retest the next resistance level 1400.00.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
