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).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
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…
This website uses cookies
