Gold continues to rise inside the short-term ABC correction (ii) – which started earlier from the support area located between the key support level 1200.00, 100-day moving average and the lower daily Bollinger Band.
This support area was further strengthened by the support trendline of the daily up channel from August and the 50% Fibonacci correction of the previous upward correction 2 from August.
Gold is expected to rise further and re-test the next resistance level 1240.00 (monthly high from the end of October).
GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…
GBPAUD: ⬆️ Buy - GBPAUD reversed from the support zone - Likely to rise to…
Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…
CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
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