Gold: Buy Gold continues daily uptrend Likely to rise to resistance level 3100.00 Gold rises sharply after breaking the resistance zone between the resistance 2956.00 (top of the previous impulse wave 3) and the round resistance level 3000.00. The breakout of this resistance zone accelerated the active impulse wave 5 of the higher order […]
Feb 20, 2024
XAU/USD: Gold Extends Recovery Despite Sticky US Inflation
Recovery leg from $1984 (9-week low of Feb 14) extends into third straight day after short-lived probe below psychological $2000 level was contained by 100DMA and Morning Doji Star reversal pattern formed on daily chart. Although the metal’s price gained pace and established above $2000, caution is still required as 14-d momentum is still in […]
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