Gold : ⬆️ Buy
– Gold broke resistance level 4400.00
– Likely to rise to resistance level 4600.00
Gold recently broke the resistance level 4400.00 (former top of wave iv from June) intersecting with the 61.8% Fibonacci correction of the downward impulse from May.
The breakout of the resistance level 4400.00 accelerated the active minor impulse wave iii of the impulse wave 3 from July.
Gold can be expected to rise further to the next resistance level 4600.00, former minor pivot high from the end of May the target price for the completion of the active impulse wave iii.