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.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies
