– Gold reversed from resistance level 2075.00
– Likely to fall to support level 2016.00
Gold recently reversed down from the strong multi-month resistance level 2075.00 (which also stopped the earlier uptrend in March of 2023, as can be seen below).
The downward reversal from the resistance level 2075.00 stopped the earlier minor impulse wave iii.
Given the strength of the resistance level 2075.00 and the strongly bullish USD sentiment, Gold can be expected to fall further to the next support level 2016.00 (low of the previous correction ii).
- Apple reversed from key resistance level 237.00 - Likely to fall to support level 227.00…
- Aig reversed from support level 76.60 - Likely to rise to resistance level 79.65 Aig recently…
Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.7750 GBPCAD…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.8730 USDCHF currency…
The British pound fell below the 1.30 level against the dollar after weak inflation data…
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