Gold recently reversed down from the resistance zone between the key resistance level 2789.00 (former multi-month high from October), resistance trendline of the daily up channel from November and the upper daily Bollinger Band.
The downward reversal from this resistance zone will likely form the daily Japanese candlesticks reversal pattern Bearish Engulfing (strong sell signal for Gold), if the price closes today near the current levels.
Given the strength of the resistance level 2789.00 and the overbought daily Stochastic, Gold can be expected to fall to the next support level 2711.00.
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…
Welcome to Pro News Weekly! Here’s what is moving the markets: 💵 The Fed fails…
Crypto rebounds slightly in a bear market; resistance holds, optimism rises, but the outlook remains…
This website uses cookies