– Gold broke support trendline from November
– Likely to fall to support level 1900.00
Gold previously broke the support trendline from last November, which accelerated the c-wave of the active ABC correction 2.
The active c-wave started earlier from the key resistance level 1980.00, former strong support from April – which has been reversing gold for the last few weeks.
Gold can be expected to fall further toward the next support level 1900.00 (target price for the completion of the active c-wave, monthly low from June).
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP…
- USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY…
Key events include PMI business activity estimates for Europe, US retail sales and industrial production…
he dollar's rise in the latest week weighed on the Dow Jones and Russell 2000…
The US dollar is experiencing a new surge of growth, driven by positive macroeconomic data…
The Swiss National Bank has cut its key rate to 0.5% and is cautious in…
This website uses cookies