– Gold reversed from key support level 2475.00
– Likely to rise to resistance level 2535.00
Gold just reversed up from the key support level 2475.00 (former strong resistance which stopped the previous impulse waves (i) and i) coinciding with the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of August.
The upward reversal from the support level 2475.00 started the sub-impulse wave v of the higher impulse waves 3 and (3).
Given the clear daily uptrend, Gold can then be expected to rise to the next resistance level 2535.00 (top of the previous impulse wave iii).
- AUDCAD broke pivotal resistance level 0.9170 - Likely to rise to resistance level 0.9260…
- WTI reversed from round resistance level 70.00 - Likely to fall to support level…
US retail sales rose 0.1% m/m in August, better than forecast, but sales growth in…
Market Picture The crypto market has gained 2.1% in the last 24 hours to reach…
- MasterCard broke round resistance level 500.00 - Likely to rise to the resistance level…
- CHFJPY reversed from support zone - Likely to rise to the resistance level 168.45…
This website uses cookies