• Gold reversed from resistance level 1965,00
• Likely to fall to 1828,00
Gold recently reversed down from the pivotal resistance level 1965,00 (which has been reversing the price from September) standing close to the upper daily Bollinger Band and the 61,8% Fibonacci correction of the downward correction from August.
The downward reversal from the resistance level 1965,00 created the daily Japanese candlesticks reversal pattern Evening Star.
Gold is expected to fall further toward the next support level 1828,00 (low of wave (2) from December and the target price for the completion of the active wave 2).
- 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