FxPro - Analytics


753.75 6.25/10
88% of positive reviews

Gold Wave Analysis – 06 August, 2020

Gold Wave Analysis – 06 August, 2020

  • Gold rising inside weekly impulse waves 3 and (3)
  • Likely to rise to 2100.00

Gold has been rising strongly in the last few trading sessions – breaking through key resistance levels 1900.00 and 2000.00 – and also through the sharp weekly up channel from March.

Multiple breakouts of the resistance levels accelerated the active weekly nested impulse waves 3 and (3).

Given the sharp increase in the daily and intraday Momentum – Gold is likely to rise further toward the next resistance level 2100.00.

Gold Wave Analysis – 06 August, 2020

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