FxPro - Analytics


761.75 6.25/10
89% of positive reviews

Gold Wave Analysis – 18 March, 2019

  • Gold reversed from support area
  • Further gains are likely

Gold recently reversed up from the support area lying between the strong support level 1280.00 (monthly low from January), 100-day moving average and the lower daily Bollinger Band.

The upward reversal from this support area started the active short-term wave B – which belongs to ABC correction (C) from February.

Gold is expected to rise further in the active wave B and re-test the next resistance level 1330.00 (target price for the completion of the active wave B).


Source: FxPro

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree