– Gold broke key resistance level 2000.00
– Likely to rise to resistance level 2050.00
Gold recently broke the key resistance level 2000.00 (which stopped the previous waves (1), B and 1, as can be seen below).
The breakout of the resistance level 2000.00 continues the active minor impulse wave 3 which belongs to wave (3) from the start of this month.
Gold can be expected to rise further to the next resistance level 2050.00 (former strong resistance from April and May) – from where the downward correction is likely.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
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