– Gold rising inside minor impulse wave 1
– Likely to reach resistance at 1985.00
Gold continues to rise inside the minor impulse wave 1, which reversed earlier from the upper trendline of the recently broken down channel from May.
The active impulse wave 1 belongs to the intermediate impulse wave (1) from the end of August.
Given the strong daily uptrend, Gold can be expected to break the next resistance at 1950.00 and to rise further toward the next resistance level 1985.00.
- Apple reversed from key resistance level 237.00 - Likely to fall to support level 227.00…
- Aig reversed from support level 76.60 - Likely to rise to resistance level 79.65 Aig recently…
Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.7750 GBPCAD…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.8730 USDCHF currency…
The British pound fell below the 1.30 level against the dollar after weak inflation data…
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