• Gold broke daily up channel
• Likely to fall to support level 1780.00
Gold continues to fall after the breakout of the support trendline of the daily up channel from the middle of December.
The breakout of this up channel accelerated the active short-term correction – which started earlier from the key resistance level 1860.00.
Given the widespread risk sentiment improvement -Gold can be expected to fall further toward the next support level 1780.00 (low of the previous correction (ii) from the start of this month).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies