Gold continues to rise after the earlier breakout of the resistance area lying at the intersection of the strong resistance level 1230.00 (which reversed the price twice in July) and the 50% Fibonacci correction of the previous sharp downward impulse from June.
The breakout of this resistance area accelerated the active short-term impulse wave C – which belongs to the medium-term ABC correction (B) from August.
Gold is expected to rise further and re-test the next strong resistance level 1265.00 (monthly high from July).
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…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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