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).
Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…
EURJPY: ⬇️ Sell - EURJPY reversed from resistance zone - Likely to fall to support…
NZDUSD: ⬇️ Sell - NZDUSD reversed from the resistance level 0.5820 - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance level 1.0930 - Likely to fall to…
The crypto market remains in a downtrend, with Ethereum losing market share while Bitcoin's share…
GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…
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