Gold recently broke the resistance area lying between the resistance levels 1300.00 (which has been reversing the price from the start of January) and 1305.00 (previous monthly high from June).
The breakout of this resistance zone accelerated the active short-term impulse wave (c) – which belongs to wave 2 from the middle of August.
With the rising daily Momentum – Gold is expected to rise further and re-test the next resistance level 1320.00 (intersecting with the resistance trendline of the accelerated daily up channel from November).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies