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).
- USDCAD reversed from resistance zone - Likely to fall to support level 1.4400 USDCAD…
- AUDCAD reversed from resistance level 0.8980 - Likely to fall to support level 0.8900…
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The crypto market has experienced a slight decline, falling to $3.29 trillion in the last…
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
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