• Gold reversed from support area
• Likely to rise to 1765.00
Gold recently reversed up from the support area lying between pivotal support level 1670.00 (which has been reversing the price from the middle of April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from March.
The upward reversal from this support area started the active short-term impulse wave (v) – which belongs to higher-order nested impulse waves 3 and (3).
Gold is likely to rise further toward the next resistance level 1765.00 (monthly high from May and the target for the completion of the active impulse wave 3).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies