• Gold reversed from resistance area
• Likely to fall to support level 1800.00
Gold recently reversed down from the resistance area located between the pivotal resistance level 1832.00 (which has been reversing the price from the start of July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse (1) from May.
The downward reversal from this resistance area stopped the previous C-wave of the intermediate ABC correction (2).
Gold can be expected to fall further toward the next support level 1800.00 (former low of wave (ii) from the end of August).
- 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