Gold Wave Analysis

  • Gold broke resistance level 1960.00
  • Likely to rise to resistance level 2000.00

Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March).

The breakout of the resistance level 1960.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward wave (A).

Gold can be expected to rise toward the next round resistance level 2000.00 (target for the completion of the active wave C).

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