FxPro - Analytics

FxPro

738.25 6.25/10
88% of positive reviews
Real

Gold Wave Analysis – 13 November, 2019

  • Gold reversed from support area
  • Likely to rise to 1480.00

Gold recently reversed up from the support area lying between the support level 1455.00 (low of the earlier wave (A) from September), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward price impulse form August.

The upward reversal from this support area started the active short-term correction (ii).

Gold is expected to rise further toward the next resistance level 1480.00 – former strong support from the end of October (low of waves 1, (b) and (i)).

1573656663


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