- Gold falling inside wave b
- Likely fall to support level 3250.00
Gold is under bearish pressure after the price broke the two upward-sloping support trendlines from May and February.
The breakout of these support trendlines accelerated the active short-term correction b – which belongs to the impulse wave 3 from June.
Gold can be expected to fall further to the next round support level 3250.00 (former low of waves 2 and (b) from May and June).
- Likely fall to support level 3250.00
Gold is under bearish pressure after the price broke the two upward-sloping support trendlines from May and February.
The breakout of these support trendlines accelerated the active short-term correction b – which belongs to the impulse wave 3 from June.
Gold can be expected to fall further to the next round support level 3250.00 (former low of waves 2 and (b) from May and June).
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.