Gold recently reversed up from support area lying between the key support level 1480.00 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from the start of August.
The upward reversal from this support area started the active short-term impulse wave 3.
Gold is expected to rise further and retest the next resistance level 1520.00 (top of the previous impulse wave 1).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
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