- Gold rising inside impulse wave (3)
- Further gains are likely
Gold has been rising sharply in the last few trading sessions after the earlier breakout of the key multi-month resistance levels 1370.00 and 1400.00.
The breakup of the resistance levels 1370.00 and 1400.00 greatly accelerated the active weekly upward impulse wave (3).
Gold is expected to rise further and retest the next resistance 1.4500 (target price for the completion of the active impulse wave (3)).