Gold recently broke the round resistance level 1300.00 (which stopped the (a)-wave of the active ABC wave (iii) in the middle of June, as can be seen below).
The breakout of the resistance level 1300.00 strengthened the bullish pressure on this instrument.
Gold is expected to rise further and retest the next resistance level 1323.00 (previous monthly high from March).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- 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…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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