- Gold reversed from support zone
- Likely to rise to resistance levels 3400.00 and 3450.00
Gold recently reversed up from the support zone between the strong support level 3275.50 (which has been reversing the price from May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from May.
The upward reversal from this support zone continues the active impulse wave 3 of the intermediate impulse wave (5) from May.
Given the clear daily uptrend, Gold can be expected to rise to the next resistance levels 3400.00 and 3450.00.
- Likely to rise to resistance levels 3400.00 and 3450.00
Gold recently reversed up from the support zone between the strong support level 3275.50 (which has been reversing the price from May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from May.
The upward reversal from this support zone continues the active impulse wave 3 of the intermediate impulse wave (5) from May.
Given the clear daily uptrend, Gold can be expected to rise to the next resistance levels 3400.00 and 3450.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.