Gold recently reversed down from the key resistance level 1740.00 (which has been reversing the price from the start of April).
The resistance zone near the resistance level 1740.00 was strengthened by the upper daily Bollinger Band.
Gold is expected to fall further toward the next round support level 1700.00 – the breakout of which can lead to further losses toward 1660.00 (low of the previous wave 2).
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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