FxPro - Analytics


761.75 6.25/10
83% of positive reviews

Gold Wave Analysis – 16 March, 2022

Gold Wave Analysis – 16 March, 2022

• Gold broke key support level 1950.00
• Likely to fall to support level 1880.00

Gold recently broke the key support level 1950.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from January.

The breakout of the support level 1950.00 coincided with the breakout of the support trendline of the daily up channel from February – which accelerated the active correciton (iv).

Gold can be expected to fall further toward the next support level 1880.00 (target price for the active correciton (iv)).

Gold Wave Analysis – 16 March, 2022

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