0
0
January 08, 2021 at 04:02PM
• Gold reversed from resistance level 1965,00
• Likely to fall to 1828,00
Gold recently reversed down from the pivotal resistance level 1965,00 (which has been reversing the price from September) standing close to the upper daily Bollinger Band and the 61,8% Fibonacci correction of the downward correction from August.
The downward reversal from the resistance level 1965,00 created the daily Japanese candlesticks reversal pattern Evening Star.
Gold is expected to fall further toward the next support level 1828,00 (low of wave (2) from December and the target price for the completion of the active wave 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gold-wave-analysis-8-january-2021-20210108/
Selected by fonecable.com
Search Web: Gold Wave Analysis 8 January, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Average Rating