- Gold broke key resistance level 3150.00
- Likely to rise to resistance level 3200.00
Gold today broke above the key resistance level 3150.00 (which stopped the previous impulse wave I at the start of April, as can be seen below).
The breakout of the resistance level 3150.00 accelerated the active intermediate impulse wave (3) from last November.
Given the overriding daily uptrend, Gold can be expected to rise to the next resistance level 3200.00, which is the forecast price for the completion of the active impulse wave (3).
- Likely to rise to resistance level 3200.00
Gold today broke above the key resistance level 3150.00 (which stopped the previous impulse wave I at the start of April, as can be seen below).
The breakout of the resistance level 3150.00 accelerated the active intermediate impulse wave (3) from last November.
Given the overriding daily uptrend, Gold can be expected to rise to the next resistance level 3200.00, which is the forecast price for the completion of the active impulse wave (3).
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.