Gold recently reversed up from the support area lying between the pivotal support level 1270.00 (which has been reversing the price from the end of April) and the lower daily Bollinger Band.
This support area was further strengthened by the 50% Fibonacci correction of the previous upward impulse from November.
Gold is expected to rise further and retest the next resistance level 1300.00 (top of the previous wave (ii) from the middle of May).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
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