• Gold reversed from resistance level 1820.00
• Likely to fall to support level 1775.00
Gold today once again reversed down strongly from the resistance zone located between the resistance level 1820.00 (top of the previous impulse wave (1)) and the upper daily Bollinger Band.
Gold previously created the daily Evening Star candlesticks reversal pattern near the resistance level 1820.00 – highlighting the strength of this price level.
Given the multi-month downtrend, Gold can be expected to fall further toward the next support level 1775.00 (low of the earlier wave (ii)).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies