403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Gold Wave Analysis
(MENAFN- FxPro)
- Gold reversed from support area
- Further gains are likely
Gold recently reversed up from the support area lying between support level 1305.00 (which has been reversing the price from the start of February), lower daily Bollinger Band and the support trendline of the sharp daily up channel from November.
The upward reversal from this support area stopped the previous medium-term ABC correction (4).
Gold is expected to rise further and re-test the next resistance level 1330.00 (high of the previous impulse wave (3) from the end of January).
Source: FxPro
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment