• Gold reversed from key support level 1680.00
• Likely to reach resistance level 1720.00
Gold recently reversed up from the key long-term support level 1680.00, which has been reversing the price from the middle of April of 2020 – as can be seen from the daily Gold chart below.
The support area near the support level 1680.00 was further strengthened by the lower daily Bollinger Band.
Given the strength of the support level 1680.00 – Gold is likely to rise further toward the next resistance level 1720.00 (former minor support from the middle of this month).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies