– Gold broke support area
– Likely to fall to support level 2600.00
Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October.
The breakout of this support area accelerated the active minor ABC correction from the end of November.
Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
- USDJPY broke resistance area - Likely to rise to resistance level 156.00 USDJPY currency…
The single currency has been one of the losers from Trump's victory, losing 2% on…
The crypto market is experiencing euphoria, with its cap reaching $2.45 trillion. Bitcoin is driving…
- EURUSD rising inside impulse wave 1 - Likely to reach resistance level 1.1000 EURUSD…
- S&P 500 reversed from support area - Likely to rise to resistance level 5850.00…
Market volatility is likely to peak this week, setting the stage for the next two…
This website uses cookies