Gold continues to rise after the earlier upward reversal from the support area lying between the pivotal support level 1660.00 and the 50% Fibonacci retracement of the previous upward impulse (i).
The upward reversal from this support area created the daily candlestick reversal pattern Hammer – which started the active wave (b).
Gold is expected to rise further toward the next resistance level 1746.00 (top of the previous impulse wave (i)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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