Gold has been rising sharply in the last few trading sessions after the earlier breakout of the key multi-month resistance levels 1370.00 and 1400.00.
The breakup of the resistance levels 1370.00 and 1400.00 greatly accelerated the active weekly upward impulse wave (3).
Gold is expected to rise further and retest the next resistance 1.4500 (target price for the completion of the active impulse wave (3)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- 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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