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).
- 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
