• Gold broke long-term resistance level 1800.00
• Likely to rise to 1900.00
Gold rising strongly after the latest breakout of the long-term resistance level 1800.00 (which previously formed the double yearly high in 2012, as can be seen below).
The breakout of the resistance level 1800.00 should accelerate the active impulse waves 3 and (5).
Given the overriding weekly uptrend – Gold is likely to rise further toward the next round resistance level 1900.00 (target for the completion of the active impulse wave (5)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies